Gold Mine Revival: Ascot Resources Secures $49.5M Combined Financing Package

Vancouver, Tuesday, 19 November 2024.
In a significant move for Canada’s mining sector, Ascot Resources has secured US$7.5M in debt financing and C$42M in equity funding to restart its Premier Gold Project. The company aims to resume mill operations by Q2 2025, marking a crucial step in revitalizing this historic British Columbia mine that produced its first gold earlier in 2024. The financing package demonstrates strong investor confidence, with major partners including Sprott Streaming and Nebari supporting the project’s development.