The Prospector News

Treasury Metals Announces Closing of US$20 Million Royalty Financing With Sprott Resource Streaming and Royalty

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Treasury Metals Announces Closing of US$20 Million Royalty Financing With Sprott Resource Streaming and Royalty

 

 

 

 

 

Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) is pleased to announce that it has closed its previously announced royalty agreement with an affiliate of Sprott Resource Streaming and Royalty Corp. in relation to the Company’s 100% owned Goliath Gold Complex, which comprises the Goliath, Goldlund and Miller Gold Projects.

 

Under the terms of the agreement, SRSR paid Treasury consideration of US$20 million for a 2.2% net smelter returns royalty covering all minerals produced from the GGC for the life of the Project. For details on the transaction, please see the Company’s press release from February 14, 2022.  The proceeds from the financing will be used to advance the Project to a construction decision, including all economic studies, permitting, consultations and corporate G&A costs.

 

Jeremy Wyeth, President and CEO, commented: “We are extremely pleased to announce the closing of this transaction with our partners at Sprott, which will allow us to move the Goliath Gold Complex forward toward construction and operation. The Company is well funded with this US$20 million (approx. C$25 million at current exchange rate) financing, in addition to the cash resources we have on hand, providing Treasury with the necessary funding and financial flexibility to take us through studies, permitting and community consultations as we advance to a construction decision.”

 

About Treasury Metals Inc.

 

Treasury Metals Inc. is a gold focused company with assets in Canada. Treasury’s Goliath Gold Complex, which includes the Goliath, Goldlund and Miller deposits, is located in Northwestern Ontario. The deposits benefit substantially from excellent access to the Trans-Canada Highway, related power and rail infrastructure, and close proximity to several communities including Dryden, Ontario. The Company also owns several other projects throughout Canada, including Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. Treasury Metals is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including: creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community well-being.

 

 

 

Posted April 12, 2022

Share this news article

MORE or "UNCATEGORIZED"


American Pacific Reports Underground Assays from Breccia Pipe and Decline Sampling at Madison Project

American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (... READ MORE

May 7, 2026

PAN GLOBAL REPORTS SURFACE HIGH-GRADE GOLD WITH 20.2 g/t OVER 5.0 METERS AT CÁRMENES PROJECT, SPAIN

Saw-cut sampling returned 20.2 g/t gold over 5.0 meters at surfac... READ MORE

May 7, 2026

McEwen Generates Strong Q1 Results & Advances Multi-Asset Growth Strategy; Net Income $33.4M ($0.56 per Share) vs. Net Loss $6.3M ($0.12 per Share) in Q1 2025; Internally Funding Key Projects to Double Production by 2030

McEwen Inc. (NYSE:MUX) (TSX: MUX) announced its first quarter fin... READ MORE

May 7, 2026

Fortuna Reports Results for the First Quarter 2026

All amounts are expressed in US dollars, tabular amounts in milli... READ MORE

May 7, 2026

Lundin Gold Reports First Quarter 2026 Results

Record Quarterly Earnings and Free Cash Flow Generation    Lund... READ MORE

May 7, 2026

Copyright 2026 The Prospector News