Mergers & Acquisitions ·
Franco-Nevada Corporation announced a A$200 million follow-on financing package with Minerals 260 Limited for the…
FNVFRANCO NEVADA Corp
Franco-Nevada Corporation announced a A$200 million follow-on financing package with Minerals 260 Limited for the Bullabulling Gold Project. The deal includes acquiring an additional A$170 million gross royalty, raising Franco-Nevada's total interest to 3.90%, and subscribing for A$30 million of ordinary shares as a lead order in a future equity raise. This brings total support to A$420 million, following an earlier A$220 million investment in February 2026. The transaction is funded from cash on hand, with the company holding $1.0 billion in cash and $4.3 billion in available capital as of June 30, 2026. Bullabulling targets first gold production in H2 2028 with an expected mine life of 19 years. Franco-Nevada is a leading gold-focused royalty and streaming company.