Vista Gold secures $20M royalty financing from Wheaton for Mt Todd gold project

VISTA GOLD CORP

Wheaton pays $20M in three installments ($3M by Dec 31, 2023; $7M on FIRB approval; $10M six months later if drilling started).
Royalty of 1% of gross revenue on Mt Todd minerals, increasing up to 2% after April 2028 if completion objectives not met.
Transaction subject to Australian FIRB approval; Wheaton gets right of first refusal on future royalties/streams on Mt Todd.
Proceeds to advance Mt Todd and for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VISTA GOLD CORP entered into Royalty Agreement with Wheaton Precious Metals (Cayman) Co., an affiliate of Wheaton Precious Metals Corp. valued at $20 million (effective 2023-12-13).

Action: entry
Counterparty: Wheaton Precious Metals (Cayman) Co., an affiliate of Wheaton Precious Metals Corp.
Value: $20 million
Effective: 2023-12-13

Exact text from the filing

On December 13, 2023, Vista Gold Australia Pty. Ltd., a wholly-owned subsidiary of Vista Gold Corp. (the “Registrant”), entered into a Royalty Agreement (the “Royalty Agreement”) with Wheaton Precious Metals (Cayman) Co., an affiliate of Wheaton Precious Metals Corp. (“Wheaton”) in relation to the Company’s Mt Todd gold project (“Mt Todd” or the “Project”) located in Northern Territory, Australia.

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Source: SEC EDGAR

accession 0000783324-23-000063

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