Minerals 260 Secures $420 Million in Funding as Bullabulling Advances
Minerals 260 secured $170 million in additional royalty funding and a $250 million equity placement, bringing Franco-Nevada’s total investment to $420 million from its initial $220 million investment in February. The company says its feasibility study remains on track for early 2027, while an expanded mining lease now covers the project’s planned mining and processing area. Its pro forma cash balance is approximately $600 million, including placement proceeds that remain subject to shareholder approval.
Closing price · 2026-10-27: $0.770 · +8.45%