trending Market Intelligence /marketintelligence/en/news-insights/trending/Ur0hIp_NE2_YQDn7KVWU1Q2 content esgSubNav
In This List

Sandstorm Gold provides C$2.5M for Erdene's exploration, development programs in Mongolia

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound

Blog

Greenhouse gas and gold mines - Emissions intensities unaffected by lockdowns

Blog

Q&A: U.S. Battery Storage and Global Battery Metals Trends Webinar

Video

S&P Capital IQ Pro | Powering Your Edge


Sandstorm Gold provides C$2.5M for Erdene's exploration, development programs in Mongolia

saidApril 11 that it has signed financing agreements with Sandstorm Gold Ltd. for the latter to provide C$2.5 millionworth of funds for the former to advance exploration and development programs onits gold projects in southwestern Mongolia.

Sandstorm willprovide cash consideration of C$1 million through a private placement of 5,000,000common shares of Erdene at 20 cents per share.

The fund willfocus specifically on Erdene's BayanKhundii gold project.

Sandstorm willalso provide consideration for C$1.5 million worth of common shares for the purchaseof a 2% net smelter returns royalty on Erdene's Bayan Khundii and gold-polymetallic projects.

Erdene has athree-year option to buy back 50% of the NSR for C$1.2 million under the agreement.

The agreementalso requires Sandstorm to hold the Erdene shares for a minimum of 18 months.