- Sailfish Royalty Corp (SROYF, Financial) comments on potential financing of up to US$835 million for Spring Valley Gold Project.
- First gold production expected in 2028, with construction permits anticipated by August 2025.
- Sailfish holds significant NSR royalties in the Spring Valley Project.
Sailfish Royalty Corp (SROYF) has announced that Solidus Resources, LLC has received a Letter of Interest from the Export-Import Bank of the United States (EXIM) for potential financing of up to US$835 million for the Spring Valley Gold Project in Nevada. The funding is being considered under EXIM's Make More in America initiative and the China and Transformational Exports Program.
Sailfish holds significant royalty interests in the Spring Valley Project, including up to a 3% Net Smelter Return (NSR) on the majority of the proposed open pit area, a 1.5% NSR on another portion, and a 0.5% NSR on an additional section. The first gold production from Spring Valley is expected to start in 2028, with full construction permits anticipated by August 2025.
The development comes after gold's classification as a critical mineral in a March 2025 White House Executive Order. This classification highlights the strategic importance of the project, potentially strengthening its financing and development prospects.
The Spring Valley Project's future looks promising for Sailfish shareholders, given the strong endorsement of this potential financing from EXIM. The project is expected to contribute positively to Sailfish’s cash flows once production commences.
