Aston Bay Secures C$1.38 Million for Storm Copper Project

Aston Bay Holdings Ltd. announced the receipt of an initial C$1.38 million royalty payment for the Storm Copper Project, part of a larger C$3.46 million allocation. This funding, provided by Taurus Mining Royalty Fund L.P., underlines a significant collaboration with joint venture partner American West Metals Limited.

The arrangement entails up to C$17.3 million in funding, aimed at advancing the exploration and development of the Storm Copper Project. Aston Bay holds a 20% interest in the unincorporated joint venture with American West covering the Storm property, maintaining a free carried interest until a mining decision is achieved after a feasibility study.

The financial injection will support Aston Bay's ongoing projects with no restrictions on the use of funds, facilitating the expansion of exploration efforts, including the 2024 drill program and 2025 field activities.