Loading ...Perpetua Resources Announces Sale of Silver Royalty for $8.5 Million in Proceeds
Highlights of the transaction:
$8.5 million upfront cash payment to Perpetua upon closing of the transaction
Franco-Nevada will receive all of the payable silver by-product revenue over the life-of-mine, subject to the terms of the Agreement
Silver represents less than 0.3% of projected life-of-mine revenue in the 2020 Feasibility Study
The additional liquidity provided from the upfront payment complements the funding that the company has secured through the U.S. Department of Defense
Perpetua intends to use the proceeds for general corporate purposes
“only mined source of antimony in the United States.”
I don’t own it but will follow it now …