- Secured final US$3.1 million installment from Wheaton Precious Metals.
- Extended deadline to December 31, 2025, for spending the final installment.
- Gained more flexibility in pre-construction acquisition transactions through PMPA amendment.
Lumina Gold Corp. (OTCQB: LMGDF) has successfully drawn the final installment of US$3.1 million from Wheaton Precious Metals International Ltd. as part of their US$300 million precious metals purchase agreement (PMPA). With this draw, the total amount advanced to Lumina stands at US$48 million.
The PMPA agreement, originally designed to fund Lumina's development projects, has been amended to offer greater flexibility. Lumina now has until December 31, 2025, to utilize the final installment for qualifying transactions. Should any portion remain unspent by this date, it must be returned to Wheaton.
Remaining funds amounting to US$252 million are contingent on meeting specific construction-related conditions. This amendment is expected to assist Lumina in aligning its project timelines effectively with the financial backing received.
About Lumina Gold: Based in Vancouver, Canada, Lumina Gold Corp. (TSXV: LUM) is a precious and base metals development company focusing on the Cangrejos gold-copper project in Ecuador. The Cangrejos project is noted for being the largest primary gold deposit in Ecuador.
