PROJECT FINANCE

Sprott streaming instrument chosen by Theta for gold mine funding

DUE diligence by Sprott-appointed consultants on the proposed TGME gold project in South Africa will begin immediately after TGME’s owner Theta Gold Mines accepted a US$70 million streaming funding facility in return for up to 100,000 ounces being delivered to the proposed financier over the operation’s life.

Sprott streaming instrument chosen by Theta for gold mine funding

Sprott will pay 10% of the gold per ounce delivered under the stream. The transaction is currently non-binding, with due diligence expected to be completed in the first quarter of 2023. "Once the...

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