Aston Bay Unveils Strategic Partnership for Storm Copper Project

Aston Bay Holdings Ltd. has announced a strategic partnership to advance the Storm Copper Project in Nunavut, Canada. The partnership involves American West Metals Ltd and Ocean Partners Holdings Ltd, a company specializing in global metal trading and financing. The agreement secures up to 80% of the initial capital for the project's development, alongside a binding offtake agreement for copper and silver products.

The deal includes technical advisory support from Ocean Partners, aiming to optimize project outcomes. Additionally, Taurus Mining Royalty has advanced the second tranche of royalty payments, bringing an additional US $3.5 million for exploration and development activities.

The funds will enhance exploration initiatives, such as drilling at strategic locations and preparing for a pre-feasibility study for Storm's development. The partnership highlights the potential of the Storm Copper Project as a low-risk and high-quality copper and silver production site.