Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp

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Post by TheToothon Aug 12, 2022 6:41pm

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Post# 34893099

Credit facility

Short term March 31 12.5 m
Long term March 31 31.4 m

Carrying value $44m

Paid to Sprott $51.4m today

Prepayment penalties ?? as interest was being paid monthly already $7.4 m ??

Not bad. No mention of that in the news release though. One of the things that warms my heart about nvo is they accentuate the positive and skip the negatives. Even hide them somtimes. Shhh.

Olga

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Unique Battery Metals opportunity in Quebec