Royalty | Jotup

Lithium Ionic Announces Binding Term Sheet for US$20 Million Royalty Financing with Appian

Retrieved on:

Donnerstag, Mai 30, 2024

Lithium, Bandeira, Documentation, Mining, BMO Capital Markets, IRR, Royalty, LTH, Feasibility study, Music

TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”), is pleased to announce that it has executed a binding term sheet (the “Term Sheet”) with Appian Capital Advisory LLP (“Appian”) to sell a 2.25% gross revenue royalty on its Bandeira Deposit in exchange for an upfront cash consideration of US$20,000,000 (the “Royalty”).

Key Points:

TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”), is pleased to announce that it has executed a binding term sheet (the “Term Sheet”) with Appian Capital Advisory LLP (“Appian”) to sell a 2.25% gross revenue royalty on its Bandeira Deposit in exchange for an upfront cash consideration of US$20,000,000 (the “Royalty”).
Appian is an investment advisor to long-term, value-focused private capital funds that invest solely in mining and mining-related companies.
Lithium Ionic intends to use the proceeds of the Royalty to further advance the development and construction of its world-class Bandeira Lithium Project (“Bandeira” or the “Project”), located within the Lithium Valley in Minas Gerais State, Brazil.
The Lithium Valley is a unique geological belt that hosts a significant concentration of lithium-bearing pegmatites and has emerged as a globally significant lithium production center.

GOLD ROYALTY REPORTS FIRST QUARTER 2024 RESULTS; RECORD REVENUE DRIVES POSITIVE OPERATING CASH FLOW

Retrieved on:

Dienstag, Mai 14, 2024

Record quarterly revenue was driven by the first full quarter of revenue from the recently acquired interests in the Borborema project, royalty payments under the recently acquired Cozamin royalty interest and increased revenue from Canadian Malartic and land agreement proceeds.

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Record quarterly revenue was driven by the first full quarter of revenue from the recently acquired interests in the Borborema project, royalty payments under the recently acquired Cozamin royalty interest and increased revenue from Canadian Malartic and land agreement proceeds.
Cash Operating Expenses decreased by 10% to $2.3 million from $2.5 million in the same period of 2023.
On April 25, 2024, Agnico Eagle announced its first quarter 2024 results, including an update that construction at the Odyssey mine is progressing well.
Our Royalty Generator Model continues to generate positive results with one new royalty added in the three months ended March 31, 2024.

GoldMining Enhances Value of the Crucero Gold Project, Peru by Reducing Third-Party Royalty

Retrieved on:

Montag, April 29, 2024

USD, NSR, Project, Royalty, Technical report, TSX, Gold, NI 43-101, GOLD, Technical

("Buenaventura") to reduce an existing third-party royalty (the "Royalty") on its 100% owned Crucero gold project ("Crucero" or the "Project"), Peru.

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("Buenaventura") to reduce an existing third-party royalty (the "Royalty") on its 100% owned Crucero gold project ("Crucero" or the "Project"), Peru.
The Company paid US$70,000 to Buenaventura to amend and reduce the Royalty to a 3% NSR.
Alastair Still, CEO, commented: "With this transaction, we have significantly reduced an overly burdensome royalty and enhanced the potential value of the Crucero property.
The Crucero Project is located 150 km northeast of the city of Juliaca in the Department of Puno, in southeastern Peru.

Vista Gold Corp. Announces 2023 Financial Results

Retrieved on:

Donnerstag, März 14, 2024

Mining, Minerals, Natural Resources, CIBC, Royalty, VGZ, MDT, ESG, Gold, EDT, TSX, Economics, Cryptocurrency

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its audited financial results for the year ended December 31, 2023, with cash totaling $6.1 million at year-end.

Key Points:

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its audited financial results for the year ended December 31, 2023, with cash totaling $6.1 million at year-end.
During 2023, the Company focused on the efficient use of cash and strengthened its balance sheet by completing a $20 million royalty transaction (“Royalty”).
Cash and cash equivalents totaled $6.1 million at December 31, 2023 compared to $8.1 million at December 31, 2022.
Management’s conference call to review financial results for the year ended December 31, 2023 and to discuss corporate and project activities is scheduled for March 18, 2024 at 2:00 p.m. MDT (4:00 p.m. EDT).

Vista Gold Corp. Announces Receipt of the $7 Million Second Instalment Payment Under Wheaton Precious Metals Royalty

Retrieved on:

Mittwoch, Februar 28, 2024

Natural Resources, Other Natural Resources, Mining, Minerals, Royalty, Foreign Investment Review Board, VGZ, News, TSX, Wheaton Precious Metals, Cayman, Donald Duck filmography

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty.

Key Points:

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty.
Ltd. (“Vista Australia”), has received the second instalment payment of $7 million (“Second Instalment”) under the royalty agreement between Vista Australia and Wheaton Precious Metals (Cayman) Co., an affiliate of Wheaton Precious Metals Corp. (“Wheaton”), dated December 13, 2023 (“Royalty Agreement”), in relation to the Company’s Mt Todd gold project (“Mt Todd” or the “Project”) located in Northern Territory, Australia.
The Second Instalment is part of the $20 million royalty with Wheaton, which will be used to advance Mt Todd and for general corporate purposes.
The principal terms of the Royalty Agreement are as described in the Company’s news release dated December 14, 2023.

Belgravia Hartford Provides Legal Update

Retrieved on:

Freitag, Februar 9, 2024

Prejudice, Motion, Memorandum opinion, Magistrate, District court, Royalty, United States district court, Judgment (law)

Toronto, Ontario--(Newsfile Corp. - February 9, 2024) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) ("Belgravia Hartford", "Belgravia" or the "Company") is providing an update on the litigation vs PolyNatura Corp. in United States District Court for the District of New Mexico Case No.

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Toronto, Ontario--(Newsfile Corp. - February 9, 2024) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) ("Belgravia Hartford", "Belgravia" or the "Company") is providing an update on the litigation vs PolyNatura Corp. in United States District Court for the District of New Mexico Case No.
Belgravia is seeking to recover $12.2M USD plus additional damages arising from breaches of the Royalty Agreement it signed in 2017 with Cartesian Capital LLP.
January 11, 2024, Magistrate Judge Jerry H. Ritter entered a Memorandum Opinion and Order Denying PolyNatura's Request to Stay Discovery.
This is an important step for Belgravia as it overruled PolyNatura's request to halt depositions.

Ascot Arranges C$25 Million Bought Deal Financing and US$50 Million Additional Funding for Completion and Ramp-Up of the Premier Gold Project

Retrieved on:

Montag, Januar 22, 2024

VANCOUVER, British Columbia, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the Company has entered into non-binding term sheets for a total of approximately US$50 million in additional funding from Sprott Resource Streaming and Royalty Corp. and/or its affiliates (“Sprott Streaming” or “SRSR”) and Nebari Natural Resources Credit Fund II, LP (“Nebari Credit Fund II”). Additionally, the Company has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and Desjardins Capital Markets (collectively the “Underwriters”), pursuant to which the Underwriters have agreed to buy on a bought deal private placement basis, 56,820,000 Common Shares of the Company (the “Common Shares”) at a price of C$0.44 per Common Share, for gross proceeds of approximately C$25 million (the “Offering”). The proceeds from these additional funding sources will be used for the construction and operational ramp-up of the Premier Gold Project (“PGP” or the “Project”), to buy-back existing royalties, for additional working capital, and for general corporate purposes.

Key Points:

The proceeds from these additional funding sources will be used for the construction and operational ramp-up of the Premier Gold Project (“PGP” or the “Project”), to buy-back existing royalties, for additional working capital, and for general corporate purposes.
Cost Overrun Facility: US$20 million from Nebari Credit Fund II to be drawn in full at closing, with maturity to be in June 2027.
The interest rate would be 10.0% plus the greater of: (i) 3.5% and (ii) the three month secured overnight financing rate (“SFOR”) per annum.
It is paramount at this stage that the Company is well financed and I believe this funding package accomplishes this.

Paramount Gold Nevada Closes $15 Million Financing With Sprott Streaming

Retrieved on:

Donnerstag, Dezember 28, 2023

Paramount, Grassy, Royalty, Gold, PZG, VWAP, Notice, Silver, RCN

WINNEMUCCA, Nev., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has closed the previously announced $15 million financing with Sprott Resource and Streaming Royalty Corp. (“Sprott Streaming”), through the issuance of a non-dilutive Secured Royalty Convertible Note (“RCN”).

Key Points:

WINNEMUCCA, Nev., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has closed the previously announced $15 million financing with Sprott Resource and Streaming Royalty Corp. (“Sprott Streaming”), through the issuance of a non-dilutive Secured Royalty Convertible Note (“RCN”).
The proceeds of the financing will be used to fund the continued permitting of the proposed Grassy Mountain Gold Mine in eastern Oregon, for general corporate purposes and for the repayment of the company’s outstanding debt.
If a Royalty is issued, Paramount has the option to buy back 50% of the Royalty by paying either $11.25 million on the 2nd anniversary of the RCN agreement or $12.375 million on the 3rd anniversary.
Caroline Donally, Managing Partner, Sprott Streaming, commented, “We are delighted to partner with Paramount as it progresses the high grade, feasibility study stage Grassy Mountain Gold Mine through the permitting process in Oregon.”

Orion Resource Partners to Support Euro Manganese with US$100 Million Funding Towards the Development of the Chvaletice Manganese Project

Retrieved on:

Dienstag, November 28, 2023

ASX, FID, OMRF, EMN, LLP, Receipt, European, Royalty, BK, Manganese, G&A, Norton Rose Fulbright, Chvaletice

The royalties will be calculated on a quarterly basis and the sliding scale rate is dependent on the high-purity manganese products prices achieved during the respective quarter.

Key Points:

The royalties will be calculated on a quarterly basis and the sliding scale rate is dependent on the high-purity manganese products prices achieved during the respective quarter.
All aspects of the Funding Package were structured to meet Project finance bankability requirements.
Both the Convertible Loan Facility and the Royalty Financing sit alongside, and reduce, the project finance debt and equity required for the full Project financing.
Dr. Matthew James, President & CEO of Euro Manganese, commented:
“This is a transformative transaction for Euro Manganese, providing a Funding Package that facilitates the best possible pathway to a final investment decision and representing a collaboration between Euro Manganese, Orion, and Stifel.

Vista Gold Corp. Announces Receipt of the $3 Million First Installment Payment Under Wheaton Precious Metals Royalty

Retrieved on:

Montag, Dezember 18, 2023

Mining, Minerals, Natural Resources, Royalty, Cayman, Donald Duck filmography, VGZ, NYSE American, Foreign Investment Review Board, News, Wheaton Precious Metals, TSX

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty.

Key Points:

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty.
Ltd. (“Vista Australia”) has received the first installment payment of $3 million (“First Installment”) under the royalty agreement between Vista Australia and Wheaton Precious Metals (Cayman) Co., an affiliate of Wheaton Precious Metals Corp. (“Wheaton”) dated December 13, 2023 (“Royalty Agreement”), in relation to the Company’s Mt Todd gold project (“Mt Todd” or the “Project”) located in Northern Territory, Australia.
The First Installment is part of the $20 million royalty with Wheaton, which will be used to advance Mt Todd and for general corporate purposes.
The principal terms of the Royalty Agreement are as described in the Company’s news release dated December 14, 2023.