Clean Air Metals CEO Abraham Drost joined Steve Darling from Proactive to share news the company has closed the first tranche of a financing by signing a royalty agreement with Triple Flag Precious Metals (TSX:TFPM) Corp. Drost telling Proactive, the 2.5% net smelter royalty brings in 10 million dollars of a 15-million mineral royalty agreement. The other 5 million will be paid on or before 110 days from the date of the agreement. The company will use the proceeds to earn full control of the project, continue work on a Prefeasibility Study, and future exploration work.
Clean Air Metals closes first tranche of financing bringing in 15 million with a royalty agreement
