Metalla Royalty & Streaming – Côté and Gosselin Royalty Update, Financing And Loan Agreement Amended
Brett Heath, President and CEO of Metalla Royalty & Streaming (TSX.V:MTA – NYSE:MTA) (“Metalla”) joins me to update us on the construction at the Côté Project. Metalla owns a 1.35% Net Smelter Return royalty on Gosselin and a portion of Côté. This Project is owned by IAMGOLD who recently announced that the project has progressed to 90.6% completion.
Brett provides a background on the royalty transaction and provides general timelines on when Metalla is expecting to start recognizing revenue from the royalty. We also discuss the drilling that is ongoing at the Gosselin Zone. Brett provides an update on 2 other royalties that are progressing toward production and cash-flow.
In other news Metalla announced the closing of a Private Placement with Beedie Investments and an amended convertible loan agreement. I ask Brett about the amount of funds the Company has available to it to pursue other transactions.
Please email with any follow up questions for Brett. My email address is Fleck@kereport.com.