Gustavo Petro said that an update is urgent because the current code allows for mining exploration to take place in areas that host important freshwater resources and agricultural land.
The British Columbia project's updated resource estimate incorporates an additional 25,659 metres of core drilling completed in 2020-22 and updated metal recoveries and pricing.
The funds will provide capital for what the company is calling the "most significant" exploration program ever initiated on its projects in northern Canada.
The acquired portfolio includes one producing gold royalty on First Majestic’s La Encantada gold operation, four development silver royalties and three advanced exploration silver royalties.
