Core Viewpoint - Osisko Development Corp. successfully closed a private placement of 99,065,330 units at a price of US$2.05 per unit, raising approximately US$203 million to fund the Cariboo Gold Project and for general corporate purposes [1][5]. Offering Details - The offering consists of a brokered private placement of 58,560,000 units for approximately US$120 million and a non-brokered private placement of 40,505,330 units for approximately US$83 million [2]. - Double Zero Capital LP subscribed for approximately US$75 million in the non-brokered offering, representing about 15.4% of the issued and outstanding common shares post-offering [2]. Management Commentary - The Chairman and CEO expressed satisfaction with the offering's completion and highlighted it as a strong endorsement of the Cariboo Gold Project, following a previous US$450 million project financing [3]. Use of Proceeds - The net proceeds from the offering will be used to fund the equity portion of the capital required for the Cariboo Gold Project and for general corporate purposes [5]. Underwriters and Fees - The brokered offering was led by BMO Capital Markets and RBC Capital Markets, with a cash commission of 4.5% paid to the underwriters [6]. Insider Participation - Certain insiders subscribed for 628,000 units, generating gross proceeds of US$1,287,400, which is considered a related party transaction [9]. Double Zero's Investment - Double Zero acquired 36,600,000 common shares and 18,300,000 warrants, representing approximately 16.0% of the issued common shares on a non-diluted basis [10]. - An investor rights agreement was established, granting Double Zero the right to nominate one director and other customary rights [13].

PERTH, Australia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Appian Capital Advisory Limited (“Appian”), the investment advisor to long-term value-focused private capital funds specializing in metals, mining, and adjacent industries, confirms its decision to withdraw its proposed senior secured loan and royalty financing facility with Pacific Lime and Cement Limited (“PLC,” formerly known as Mayur Resources) for the Central Lime Project (the “Project”) in Papua New Guinea. This development follows PLC’s confirmation ...

Core Viewpoint - Koryx Copper Inc. has successfully closed a bought deal public offering and a concurrent non-brokered private placement, raising a total of approximately C$25 million to advance its Haib Copper Project in Namibia [1][6]. Group 1: Offering Details - The public offering consisted of 19,047,680 common shares at a price of C$1.05 per share, generating gross proceeds of C$20,000,064, including the full exercise of the over-allotment option [1]. - The concurrent private placement involved 4,761,844 common shares at the same issue price, resulting in total gross proceeds of approximately C$5,000,000 [1]. - The offering was led by Stifel Canada and included a syndicate of underwriters such as Beacon Securities Limited and BMO Capital Markets [2]. Group 2: Investor Support - The offering received strong support from existing shareholders, including notable investments from Ross Beaty and various European and North American financial institutions [3]. - Namibian institutional and private investors contributed over 40% of the financing, indicating a strong vote of confidence in the company's strategy [4]. Group 3: Use of Proceeds - The net proceeds from both the offering and placement will be utilized for advancing technical studies on the Haib Copper Project, exploration activities, working capital, and general corporate purposes [6]. Group 4: Company Background - Koryx Copper Inc. is focused on the Haib Copper Project, a significant copper/molybdenum porphyry deposit in Namibia, with a current mineral resource of 414 million tonnes at 0.35% copper in the indicated category [12][13]. - The project has a long history of exploration, with over 80,000 meters of drilling conducted since the 1970s by various operators [12].

Core Viewpoint - Osisko Development Corp. has secured a US$450 million senior secured project loan credit facility from Appian Capital Advisory Limited to advance the Cariboo Gold Project in British Columbia, Canada [2][4]. Financing Details - The credit facility consists of two tranches, with an initial draw of US$100 million completed to support pre-construction activities, including a 13,000-meter infill drill campaign and repayment of an existing US$25 million term loan [3][6]. - Subsequent draws totaling US$350 million will be available based on the achievement of certain project milestones and conditions [6][7]. - The facility enhances financial flexibility and is structured to support the project's development timeline [3][4]. Project Overview - The Cariboo Gold Project is a 100%-owned asset by Osisko Development, located in a stable jurisdiction with significant mineral potential [4][10]. - The project aims to advance towards a formal investment decision and construction readiness, with a focus on becoming a major Canadian gold producer [4][13]. Strategic Partnership - Appian Capital's involvement as a cornerstone investor is seen as a strong endorsement of the Cariboo Gold Project, reflecting confidence in the management team and the project's potential [4][10]. - Appian's investment strategy aligns with the project's characteristics, including its robust mineral base and experienced management [4][10]. Credit Facility Terms - The credit facility matures on July 21, 2033, with interest rates tied to the 3-month Secured Overnight Financing Rate (SOFR) plus a margin [12]. - The facility includes provisions for repayment of existing debt and funding for ongoing project activities [12][6]. - Osisko Development will grant Appian 5,625,031 non-transferable common share purchase warrants as part of the agreement [12].

Core Viewpoint - Troilus Gold Corp. has appointed Mr. Rob Doyle as Strategic Advisor to the CEO and Chairman, effective August 1, 2025, to provide strategic, financial, and operational guidance as the Troilus Project advances towards construction and long-term production [1][3]. Group 1: Appointment and Experience - Mr. Doyle has over 25 years of experience in international mining finance, corporate strategy, and project development, previously serving as CFO of Pan American Silver Corp. and SilverCrest Metals Inc. [2][4] - His tenure at Pan American Silver Corp. included significant growth, leading the company to become a multi-billion-dollar producer and overseeing large-scale M&A transactions [2][4]. Group 2: Role and Responsibilities - In his advisory role, Mr. Doyle will collaborate with the executive and finance teams to ensure operational readiness, robust internal controls, and a disciplined financial strategy [3]. - His responsibilities encompass strategic support on financial governance, project financing, risk management, and systems optimization to position the company for construction and future growth [3]. Group 3: Project Development - Troilus is advancing one of Canada's largest undeveloped gold-copper projects in Quebec, with a Feasibility Study completed in 2024 and an Environmental and Social Impact Assessment submitted recently [5][6]. - The company is targeting a construction decision in 2026, with key project financing milestones progressing, including an indicative offtake agreement with Aurubis [5].

Core Viewpoint - Perpetua Resources Corp. has successfully closed a registered offering and private placement of common shares, positioning the company to advance the development of the Stibnite Gold Project, which is expected to unlock significant value [3][6]. Financing and Development Plans - The company has submitted an application for up to US$2 billion in project financing to the Export-Import Bank of the United States, which is part of a comprehensive financing package for the Stibnite Gold Project [3]. - The webinar scheduled for June 18, 2025, will provide insights into the recent financing and future plans for the project, featuring key executives including the largest shareholder, John Paulson [2][9]. Project Overview - The Stibnite Gold Project is recognized as one of the highest-grade open pit gold deposits in the United States, focusing on responsible mining practices to restore an abandoned mine site while producing gold and antimony [6]. - Antimony from the Stibnite site is the only known domestic source that meets U.S. defense needs for various military applications [6].

Core Viewpoint - Perpetua Resources Corp. has increased its bought deal financing due to excess demand, now issuing 24,622,000 common shares at US$13.20 per share, aiming for approximately US$325 million in gross proceeds [1][2]. Group 1: Offering Details - The underwriters have an option to purchase an additional 3,693,300 common shares, which could raise total gross proceeds to approximately US$374 million if fully exercised [2]. - The offering is expected to close around June 16, 2025, subject to customary conditions [3]. Group 2: Use of Proceeds - Proceeds from the offering and private placement will be used for the Stibnite Gold Project's equity requirements in conjunction with a US$2 billion project financing application submitted to the Export-Import Bank of the United States [3]. - Additional funds will support exploration activities, working capital, and general corporate purposes [3]. Group 3: Company Background - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, with the Stibnite Gold Project being one of the highest-grade open-pit gold deposits in the U.S. [7]. - The project aims to restore an abandoned mine site and produce gold and antimony, which is critical for U.S. defense needs [7].

Core Viewpoint - Perpetua Resources Corp. has submitted a formal application to the Export-Import Bank of the United States (EXIM) for potential debt financing of up to $2 billion to construct the Stibnite Gold Project, which aims to establish a domestic source of antimony and produce gold [2][3][4]. Group 1: Project Financing and Application - The application amount has increased from $1.8 billion to $2 billion, reflecting a higher estimated number of job-years based on recent financial updates and engineering work [1][3]. - EXIM is expected to conduct standard due diligence on the application, assessing the project's eligibility under relevant initiatives [2][3]. - The financing, if approved, could cover a majority of the project's development costs, enhancing the U.S. competitive position against China in antimony production [5][6]. Group 2: Strategic Importance of the Project - The Stibnite Gold Project is positioned as a national strategic asset for domestic antimony production and is also recognized as a world-class gold asset [4][5]. - The project aims to restore a secure supply of antimony for the U.S., which is critical for national defense, especially after China blocked global antimony exports in 2024 [5][6]. - Perpetua Resources has received a Technology Investment Agreement of $59.2 million in Defense Production Act funding to advance the project [7]. Group 3: Regulatory and Permitting Progress - Perpetua has received its final federal permit, the Clean Water Act Section 404 permit, marking the end of an eight-year federal permitting process [6]. - The company is now focused on obtaining remaining state permits and securing financing to commence construction [6][7].

Core Viewpoint - Solaris Resources Inc. has secured a US$200 million financing arrangement with RGLD Gold AG, which includes a gold stream and net smelter return royalty, aimed at enhancing liquidity and supporting the Warintza project development [2][3][5]. Financing Agreements - The financing package consists of a non-dilutive US$200 million, with US$100 million available immediately, to fund derisking activities and repay the senior secured debt facility [5][6]. - The structure of the financing aligns with Solaris' strategy to maximize shareholder value without dilution, reinforcing Warintza's status as a tier 1 copper asset [3][5]. Project Development - The financing will support technical studies, permitting, early infrastructure development, and general working capital, ensuring the company is funded through to a final investment decision (FID) [6][19]. - The company plans to publish a Pre-Feasibility Study (PFS) in Q3 2025, followed by a Bankable Feasibility Study [19][20]. Strategic Relationships - Partnering with Royal Gold provides competitive capital costs and a strategic relationship that enhances project flexibility [4][5]. - The financing structure allows for future project financing while maintaining strategic optionality around the Warintza project [18]. Exploration Potential - The Stream area of interest is limited, allowing Solaris to retain significant exploration upside, with commercial optionality around high-priority targets within the Warintza district [9][15]. - The company is also advancing exploration across its broader land package of over 260 km², which includes several high-priority regional targets [22]. Environmental and Social Commitment - Royal Gold has committed to financially support Solaris' environmental and social programs, reflecting a commitment to sustainable development and stakeholder engagement [17].

Core Viewpoint - Troilus Gold Corp. has secured a loan agreement with Auramet International for up to US$35 million to support its near-term development activities, enhancing financial flexibility and reducing capital costs [1][2]. Loan Agreement Details - The loan agreement provides a principal amount of up to US$35 million (~CDN$49 million) to support final permitting, early works preparation, and project financing [1]. - The loan has an initial term of one year and is structured to be drawn down in tranches, with an initial tranche of US$15 million already advanced [2][3]. - The remaining US$20 million will be available for drawdown starting 90 days after the initial advance, subject to certain conditions [2]. Financial Terms - The loan bears a monthly interest rate of 1.0% on the outstanding balance and is secured by a negative pledge on the company's assets [3]. - Troilus has the option to prepay the loan without penalty and may extend the maturity for an additional six months at a higher interest rate of 1.25% per month [3]. Warrants Issuance - In consideration of the first tranche, the lender received 5,000,000 warrants exercisable at an exercise price of $0.60 per share [4]. - An additional 5,000,000 warrants will be issued upon the drawdown of the second tranche, with the exercise price set at a 10% premium to the 5-day VWAP prior to issuance [4]. Company Background - Troilus Gold Corp. is a Canadian development-stage mining company focused on advancing the former Troilus Mine towards production, located in Quebec [6]. - The company holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt and has a feasibility study supporting a 22-year, 50ktpd open-pit mining operation [6]. Auramet International - Auramet is a major player in the precious metals industry with over US$25 billion in annual revenues and provides a full range of services [5]. - The company acts as Troilus's senior advisor on project financing initiatives, bringing extensive industry expertise [5].