Sprott backs New Century

THE phenomenal emergence of New Century Resources has continued with resource investment firm Sprott loaning it US$45 million to get the Century zinc project into production next year.

Sprott backs New Century Sprott backs New Century Sprott backs New Century Sprott backs New Century Sprott backs New Century

The secured Sprott facility has a 10% coupon and three-year term, with 1.68 million New Century shares issued as an “equity fee”.

New Century’s managing...