Filo Corp Strikes $2M Royalty Deal and Touts Sustainability

Filo Mining (TSE:FIL) has released an update.

Filo Corp has announced a $2M cash receipt from NGEx Minerals and Lundin Mining for a partial buy-back of a 3% Net Smelter Royalty on their copper-gold-silver projects, retaining a 1% NSR. This transaction reflects the value of recent discoveries and ongoing drilling projects, ensuring Filo’s shareholders remain invested in the projects’ future success. Additionally, Filo has released its 2023 Sustainability Summary Report, emphasizing its commitment to social and community programs and transparent stakeholder communication.

For further insights into TSE:FIL stock, check out TipRanks’ Stock Analysis page.