Triple Flag Reaches Terms with Nevada Copper to Participate in Proposed Financing Package for Restart Plan at Pumpkin Hollow
Triple Flag Precious Metals Corp. announced a financing agreement with Nevada Copper Corp., providing up to US$93 million to support the restart of the Pumpkin Hollow copper mine in Yerington, Nevada. The deal includes US$30 million from Triple Flag, which will increase its royalty from 0.7% to 2% on Nevada Copper's open pit project. Funds will be released in two tranches, and Triple Flag will gain the right to nominate a director to Nevada Copper's board. This financing is subject to final terms and regulatory approval.
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Under the proposed terms, Triple Flag would provide an aggregate
Triple Flag would fund its investment in two tranches, with
In connection with Triple Flag’s investment, Triple Flag would be granted the right to nominate one director to the board of directors of
Please see Nevada Copper’s
About Triple Flag
Triple Flag is a pure play, gold-focused, emerging senior streaming and royalty company. We offer bespoke financing solutions to the metals and mining industry with exposure primarily to gold and silver in the
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Investor Relations:
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+1 (416) 304-9770
ir@tripleflagpm.com
Media:
+44 (0) 7730 567 938
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FAQ
What is the financing package announced by Triple Flag and Nevada Copper on August 25, 2022?
How much funding will Triple Flag provide to Nevada Copper?
What is the new royalty percentage that Triple Flag will receive on Nevada Copper's open pit project?
What conditions must be met for the financing from Triple Flag to be released?