Ascot Resources Ltd. (“Ascot”) announced that it has completed final documentation for a total of approximately C$200 million in project financing for the construction of the Premier Gold Project (the “Project”), which is located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia and includes the Red Mountain Project.
As announced in Ascot’s News Release dated December 12, 2022, the finance package consists of US$110 million as a deposit in respect of gold and silver streaming agreements with Sprott Private Resource and Streaming (B) Corp. (“Sprott”)
With the finance package closed, Ascot can proceed with the re-mobilizing of contractors for Project construction in 2023 ahead of initial gold production, which is anticipated in early 2024.
The team representing Sprott was led by Johanna Fipke and included Sarah Martin, Brent Lewis, Kai Alderson, Patrick Frost, Heather Sorenson and Dixon Sunthoram.
As announced in Ascot’s News Release dated December 12, 2022, the finance package consists of US$110 million as a deposit in respect of gold and silver streaming agreements with Sprott Private Resource and Streaming (B) Corp. (“Sprott”)
With the finance package closed, Ascot can proceed with the re-mobilizing of contractors for Project construction in 2023 ahead of initial gold production, which is anticipated in early 2024.
The team representing Sprott was led by Johanna Fipke and included Sarah Martin, Brent Lewis, Kai Alderson, Patrick Frost, Heather Sorenson and Dixon Sunthoram.
Jurisdiction
- British Columbia
