Sprott commits $100 mln in funding to Northern Vertex
Canadian mining company Northern Vertex Mining Corp (TSX-V: NEE) has secured a commitment of up to US$100 million for acquisition and development initiatives from the private resource lending fund of Sprott Resource Lending Corp. The deal is in addition to a US$20 million senior secured credit facility provided by Sprott last year for the company's Moss Mine gold-silver project in Arizona, which recently saw its first gold pour. Vancouver-based Northern Vertex in 2017 also closed a US$20 million private placement deal with Greenstone Resources, giving the U.K. metals and mining private equity firm an initial 30.2 percent stake.
13 March 2018•4 mins read
