The Prospector News

PPX Closes First Tranche of Silver Royalty Agreement With Silver Crown Royalties

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

PPX Closes First Tranche of Silver Royalty Agreement With Silver Crown Royalties

 

 

 

 

 

PPX Mining Corp. (TSX-V: PPX) (BVL: PPX) is pleased to announce that it has closed the first tranche of its previously announced silver royalty with Silver Crown Royalties Inc. (CBOE:SCRI) (OTCQX:SLCRF) (FRA:QS0) pursuant to the silver royalty agreement dated December 13, 2024 between the Company and SCR, resulting in gross proceeds to the Company of US$1,000,000. Proceeds will support the Company’s ongoing construction of the CIL and Flotation plant at the Company’s Igor project, located in La Libertad, Peru.

 

John Thomas, CEO commented, “we are pleased to close this transaction with Silver Crown Royalties. The funding received and the second tranche coming within six months will support our ongoing construction activities at site.”

 

Upon the closing of the first tranche, SCR was granted a Silver Royalty for 6% of the cash equivalent of silver produced from PPX’ Igor 4 mining concession. The Royalty Agreement contemplates the closing of a second tranche of US$1,470,000, to be paid within six months, which will automatically increase the Silver Royalty to 15%. If the second tranche is not completed within six months of Closing, PPX has the right to repurchase the Silver Royalty for US$1,000,000 (less any royalty payments made to date).

 

Further details regarding the Silver Royalty and the Royalty Agreement capbe found in the Company’s press release issued December 16, 2024 announcing the Royalty Agreement. A copy of the Royalty Agreement is available on the Company’s SEDAR+ profile at www.sedarplus.ca.

 

About PPX Mining Corp:

 

PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. Igor, the Company’s 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department.

 

Posted February 7, 2025

Share this news article

MORE or "UNCATEGORIZED"


IMPACT Silver Announces Closing of C$16.0 Million Bought Deal LIFE Private Placement

IMPACT Silver Corp. (TSX-V: IPT) (OTCQB: ISVLF) (FSE: IKL) is ple... READ MORE

September 17, 2025

Minera Alamos Announces Completion of C$135 Million Bought Deal Offering

Minera Alamos Inc. (TSX-V: MAI) is pleased to report that the Com... READ MORE

September 17, 2025

Tier One Silver Closes $6.5 Million Oversubscribed Equity Financing

Tier One Silver Inc. (TSX-V: TSLV) (OTCQB: TSLVF) is pleased to announce... READ MORE

September 17, 2025

Pine Ridge Uranium Project Delivers Excellent Initial Drill Results

Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) a... READ MORE

September 17, 2025

Hercules Metals Intersects 81 m of 1.5% Copper Within 346 m of 0.66% Copper in First 2025 Drill Hole Completed at the Leviathan Porphyry System in Idaho

Strong hypogene enrichment intersected in first 220 m step-out; s... READ MORE

September 17, 2025

Copyright 2025 The Prospector News