Perpetua Resources Announces Sale of Silver Royalty for $8.5 Million in Proceeds
Vinson & Elkins advised Perpetua Resources Corp (“Perpetua”) in connection with the negotiation of a royalty agreement with a wholly-owned subsidiary of Franco-Nevada Corporation (“Franco-Nevada”) pursuant to which Perpetua, through its subsidiaries, sold Franco-Nevada a royalty on future payable silver production from the Stibnite Gold Project in exchange for a cash payment of $8.5 million.
The Vinson & Elkins team was led by counsel Joanna Enns, partner Bryan Loocke and counsel Joclynn Marsh, with assistance from senior associate Maram Mahajna and associate Sean Dao. Other key team members include partner Todd Way.
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