Royal Nickel Obtains $15M Royalty Financing
Toronto-based Royal Nickel Corp., which focuses on exploration,development and acquisition of base metal and platinum group metal properties, has received royalty financing totaling US$15 million from RK Mine Finance. Part of the Red Kite Group, RK Mine Finance provides development, acquisition and bridge financing to miners. Under the terms of the deal, the financier will take a 1% net smelter return royalty in the the company's Dumont nickel project in Québec.
9 May 2013•6 mins read
