Aston Bay Holdings (TSE:BAY) has released an update.
Aston Bay Holdings has announced a C$17.1 million royalty financing deal with Taurus Mining Royalty Fund for the Storm Copper Project in Canada. The funds will be used to support exploration and development activities, with Aston Bay receiving C$3.425 million without restrictions on use. The financing is structured to advance in stages, tied to project milestones, and provides for a new 0.95% gross override royalty from production.
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