Scottie Resources Corp. (TSE:SCOT) has released an update.
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Scottie Resources Corp. has successfully completed a financing deal with Franco-Nevada Corporation, securing an $8.1 million royalty sale and an additional $1.49 million through a private share placement. This strategic financial boost, supported by the sale of a 2% gross production royalty on its Golden Triangle properties, positions Scottie to fully fund its 2024 exploration program. The company is now well-capitalized with a $12.5 million cash balance, ready to build on the previous year’s exploration successes.
For further insights into TSE:SCOT stock, check out TipRanks’ Stock Analysis page.
