Ascot Resources Secures Funding for Mine Restart

Ascot Resources (TSE:AOT) has released an update.

Ascot Resources has secured significant funding, including US$7.5 million and C$42 million, to restart operations at its Premier Gold Project. The funds will be used to develop the Premier Northern Lights mine and restart the mill and Big Missouri mine, aiming for sustainable operations by 2025. The financing was supported by key partners like Sprott Streaming and Nebari, alongside major shareholders.

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