Sprott Closes $25MM Facility for Cardinal Resources

Sprott Private Resource Lending closed a $25 million senior secured credit facility for Cardinal Resources.

Sprott to Provide $25MM Facility to Cardinal Resources

Sprott Private Resource Lending will provide a $25 million senior secured credit facility to Cardinal Resources, subject to certain documentation and other customary conditions.

Sprott Provides $15MM Facility to Alexco

Sprott Private Resource Lending provided a $15 million credit facility to Alexco. The funds will be used to develop the Keno Hill Silver projects located in Yukon, Canada.

Sprott Provides $27MM Credit Facility to Kin Mining

Kin Mining formally entered into a senior secured credit facility for $27 million with Canadian-based Sprott Private Resource Lending, a natural resource investor.

Sprott, Barak, Tremont Provide $80MM Credit Facility to Alphamin

A syndicate of lenders, including Sprott Private Resource Lending, the Barak Fund and Tremont Master Holdings, provided $80 million for a senior secured credit facility to Alphamin Resources.

Sprott Upsizes TMAC Resources to $160MM

Gold producer TMAC Resources entered into a term sheet with Sprott Private Resource Lending to increase total borrowings to $160 million.

Sprott Lending Provides $20MM Northern Vertex Mining Facility

Northern Vertex Mining signed a senior secured credit facility with Sprott Private Resource Lending for up to $20 million to fund development costs of its Moss Gold/Silver Project in Northwest Arizona.