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SolGold PLC - Ecuador-focused exploration company - Announces that it received late last week a second $33.3 million of funds, under its $100 million initial deposit from its streaming agreement with Franco-Nevada (Barbados) Corp and OR Royalties International Ltd. Says the funds, part of a broader $750 million syndicated gold stream agreement, are released after ‘key technical milestones’ are met. These include the completion and approval of the Cascabel project execution plan. ‘Multiple high-priority workstreams will be advanced, including early works mobilisation, land access, permitting activities, the feasibility study, and continued drilling at the Tandayama-America deposit,’ SolGold says. Engineering partner G Mining Services is preparing for field mobilisation during the current quarter, it says. Chief Executive Officer Dan Vujcic comments: ‘With this funding milestone complete, we’re well-positioned to unlock the further funding we require to get things moving on the project with speed and intent. Our optimal path to production has been communicated, and we want to now move decisively to build one of the most significant new copper projects not only in the Americas but also around the globe. SolGold is grossly undervalued by the market, and we are fixated on changing this, continuing to speak to a raft of institutions to encourage buying in the story.’ Current stock price: 7.34 pence, up 2.2% on Monday in London 12-month change: down 38% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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