Scottie Resources Corp. (TSE:SCOT) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Scottie Resources Corp. has successfully completed a financing deal with Franco-Nevada Corporation, securing an $8.1 million royalty sale and an additional $1.49 million through a private share placement. This strategic financial boost, supported by the sale of a 2% gross production royalty on its Golden Triangle properties, positions Scottie to fully fund its 2024 exploration program. The company is now well-capitalized with a $12.5 million cash balance, ready to build on the previous year’s exploration successes.
For further insights into TSE:SCOT stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue