Franco-Nevada announces $250M royalty financing with i-80
Franco-Nevada, through a U.S. subsidiary, has finalized a $250 million net smelter return royalty agreement with i-80 Gold Corp. This financing supports i-80 Gold's recapitalization plan and its goal to become a Nevada-focused mid-tier gold producer, with the royalty rate starting at 1.5% and increasing to 3.0% in 2031. The agreement covers six of i-80 Gold's properties, with significant production increases projected following a three-phase development plan.
https://www.tipranks.com/news/the-fly/franco-nevada-announces-250m-royalty-financing-with-i-80-thefly?mod=mw_quote_news