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Sailfish Royalty Comments on Solidus Resources, LLC's Letter of Interest for up to US$835 Million in Financing from Export-Import Bank of the United States for the Spring Valley Gold Project
Tortola, British Virgin Islands--(Newsfile Corp. - May 14, 2025) - Sailfish Royalty Corp. (TSXV: ...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"Sailfish Royalty Comments on Solidus Resources, LLC's Letter of Interest for up to US$835 Million in Financing from Export-Import Bank of the United States for the Spring Valley Gold ProjectTortola, British Virgin Islands--(Newsfile Corp. - May 14, 2025) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the \"Company\" or \"Sailfish\") is pleased to report that on May 13, 2025, Solidus Resources, LLC (\"Solidus\") announced the receipt of a Letter of Interest from the Export-Import Bank of the United States (\"EXIM\") regarding the potential financing of up to US$835 million for the Spring Valley Gold Project (\"Spring Valley\") located in Nevada. The funding for Spring Valley is being considered under EXIM's Make More in America initiative and its China and Transformational Exports Program.Paolo Lostritto, CEO stated, \"The Letter of Interest from the Export-Import Bank for a total of US$835 million is a strong endorsement for the Spring Valley gold project and is a further benefit of gold being classified as a critical mineral in the March 20th, 2025 White House Executive order1. In addition, this announcement further supports the guidance provided by the Bureau of Land management for a Record of Decision and full construction permits by Aug of 20252. Consequently, the operator expects first gold production in 2028. Under this scenario, Sailfish shareholders are expected to be exposed to a material improvement in cash flow as the majority of the Spring Valley gold deposit is on ground where Sailfish has a royalty claim. These developments compare favourably to the metrics of the recent Triple Flag Precious Metals Corp. purchase of a 1% NSR on Silicon-Merlin for US$248 million.3,4\"For complete information on the announcement made in Solidus' news release dated May 13, 2025, please visit: Solidus Resources, LLC Receives Letter of Interest for up.Sailfish holds the following Spring Valley royalty assets:up to a 3% NSR5 on a majority of the acres included in the proposed open pit at Spring Valley (royalty boundary in blue);a 1.5% NSR on a portion of the proposed open pit at Spring Valley (royalty boundary in pink); anda 0.5% NSR on a portion of the proposed open pit at Spring Valley (royalty boundary in yellow6). (See Figure 1 on the next page)Figure 1 - Sailfish Royalty Corp.'s various Spring Valley royalty holdings (boundar...