Chancery Royalty secures a $20 million royalty financing deal and equity stake in Fulcrum Metals to advance cyanide-free gold recovery at the Teck-Hughes project in Ontario.
Fulcrum Metals secures a proposed $20m royalty financing and £200k equity investment to advance its Teck-Hughes gold project toward commercial production.
Chancery Royalty expands into a new royalty financing arrangement and strategic equity investment in Fulcrum Metals, aiming to grow its gold and silver royalty portfolio.
Chancery Royalty has signed a non-binding term sheet to provide $20 million in royalty financing to Fulcrum Metals to support the development of cyanide-free gold recovery technology. The deal includes a 5% net smelter return royalty on the Teck-Hughes project in Ontario and a £200,000 strategic equity investment, marking a significant expansion of Chancery's sustainable mining portfolio.
The partnership aims to advance Fulcrum's Teck-Hughes project toward commercial production using innovative, cyanide-free technology to recover gold from historic mine tailings.