After Red Pine completes a feasibility study at Wawa, Franco-Nevada can opt to buy an additional 0.5% NSR royalty.

CEO Anthony Moreau describes the deal as a massive endorsement of the company’s NAK project in British Columbia.

Pending the new contracts’ finalization, the total volume of uranium successfully contracted since the beginning of 2022 is expected to be about 77 million lb.

Artisanal and small-scale mining can lead to commodities being mined, sold and purchased through unofficial channels and potentially financing criminal or terrorist organizations.