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Artemis receives initial deposit under silver stream agreement

12th June 2023

By: Creamer Media Reporter

     

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TSX-V-listed Artemis Gold has received its first $35.2-million deposit under the silver stream agreement concluded on December 2021, with Wheaton Precious Metals.

The initial deposit forms part of the $140.8-million that Wheaton has committed to fund toward construction of the Blackwater gold mine, in British Columbia.

Construction activities at Blackwater are under way and progressing in accordance with the company's project development plan.

"The receipt of the first funding under the Silver Stream is an important milestone as it represents the first external funding being advanced toward Blackwater's construction and reflects our financing partners' confidence in the strong progress achieved to date,” said chairperson and CEO Steven Dean.

Edited by Creamer Media Reporter

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