Novo Resources completed repayment of its senior secured $40 million credit facility with Sprott Resource Lending subsequent to the completion of the sale of the company’s New Found Gold investment.
Marathon Gold entered into an exclusive non-binding indicative term sheet with Sprott Resource Lending for a senior secured project financing facility of $185 million. Marathon Gold will use proceeds from the credit facility to fund the construction of the Valentine Gold Project.
Alderon Iron Ore and the Kami Mine closed a $14 million loan facility with Sprott Resource Lending.
Alderon Iron Ore and the Kami Mine Limited Partnership entered into an agreement with Sprott Resource Lending for a $14 million loan facility.