Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) And JV Partner Obtain Key Financing, Move Forward With Storm Copper Project Development


(MENAFN- Investor Brand Network)

  • American West Metals Limited entered into binding agreement with Australian-based Taurus mining Royalty Fund L.P.
  • The royalty funding supports the advancement of the Storm Copper Project
  • The investment from Taurus is a strong endorsement of the potential at Storm

Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF) , a publicly traded mineral exploration company, and its joint venture partner, American West Metals Limited, are making significant plans to move forward on development of the Storm Copper Project, located in Nunavut, Canada. The plans follow the announcement that American West secured nondilutive financing from a leading royalty fund to support exploration and development at Storm ( ).

According to the announcement, American West entered into a binding agreement with Australian-based Taurus Mining Royalty Fund L.P. The agreement calls for Taurus to provide up to $12.5 million under a royalty package for the Storm Copper Project. In return, Taurus receives a new 0.95% gross override...

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