Dual-listed SolGold has secured a royalty financing package for its flagship Alpala project with Toronto-headquartered royalty and streamlining company Franco Nevada, paving the way for the “rapid advancement” of the copper/gold project, in Ecuador.
The package consists of a $100-million net smelter returns (NSR) financing agreement, with an option to upsize the financing to $150-million at SolGold’s election.