QualityStocksNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Secures Strategic Funding Boost for Storm Copper Project
Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) announced that joint venture partner American West Metals has entered a strategic partnership and funding agreement with Ocean Partners Holdings to support development of the Storm Copper Project. Ocean Partners will provide up to 80% of initial development capital through a senior secured loan, subscribe to a $2 million financing, and receive 100% of offtake rights for copper and silver from near-surface mineralization. In addition, Taurus Mining Royalty has advanced a $3.5 million payment under a previously announced royalty deal, with Aston Bay receiving 20% of the proceeds without restrictions. To view the full…