SolGold Plc (LSE:SOLG) has received a second installment of $33.3 million from streaming partners Franco-Nevada and OR Royalties, as part of a larger $100 million upfront agreement. The newly secured funds will support key development efforts at its flagship Cascabel project in Ecuador, particularly the Tandayama-Ameríca deposit. This phase includes ongoing drilling, permitting, and site mobilization, all aimed at achieving initial production by the fourth quarter of 2028. The company views the financing milestone as a critical step in unlocking future capital and advancing what could become one of the world’s most prominent new copper operations.
In tandem, SolGold is actively engaging institutional partners to enhance its market profile, while continuing to de-risk the project through strategic planning and financing initiatives.
Company Snapshot: SolGold Plc
SolGold is a mineral exploration and development company with a focus on copper and gold assets. Headquartered in Australia and listed on the London Stock Exchange, the company is best known for its Cascabel project in Ecuador. Despite ongoing financial hurdles—including sustained losses and cash flow issues—SolGold is working to improve its outlook through governance reforms and strategic partnerships. The company remains committed to responsible development, delivering value to shareholders, and contributing positively to local communities and the environment.
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