ASX:MI6Metals and Mining
Why Minerals 260 (ASX:MI6) Is Up 41.7% After Striking A$220m Franco-Nevada Funding Deal
Minerals 260 has secured a A$220 million funding package from Franco-Nevada, including an increased 2.45% royalty and a A$50 million equity investment for a 4.9% stake, to accelerate development of the Bullabulling Gold Project in Western Australia.
This transaction brings a globally recognised royalty investor onto Minerals 260’s register while providing capital to fast-track construction, drilling and feasibility work at Bullabulling.
We’ll now assess how this Franco-Nevada funding...