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Caravel Minerals Limited (ASX:CVV)

ALERT: Price-sensitive ASX Announcement for CVV
Current share price for CVV : $0.225 -0.04 (-15.09%)+
Announcement
Release
15 Jun 2026 8:25AM
Price at Release
$0.265
Full Release
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Summary
Caravel Minerals Limited (ASX:CVV) announced entering into a $15 million royalty funding agreement with Regal Resources Royalties Fund. This agreement involves Caravel receiving $15 million for a new 0.75% net smelter return royalty over their Caravel Copper Project, intended to support the project's feasibility study and general corporate purposes. The royalty is secured by a general security deed over the assets of Caravel Operations Pty Ltd. Additionally, the maturity date for an existing $15 million loan facility with Regal has been extended to 31 March 2028, doubling Regal's total investment in the project to $30 million. This funding arrangement is aimed at providing less dilutive financing, allowing Caravel to advance its project and discussions with potential partners.
Key Points
  • Caravel Minerals entered a $15 million royalty funding agreement with Regal Resources.
  • A 0.75% net smelter return royalty over Caravel Copper Project was established.
  • The royalty funding will support the project's feasibility study and corporate needs.
  • The existing $15 million loan facility's maturity is extended to 31 March 2028.
  • Regal's total investment in Caravel's project is now $30 million.
  • Funding arrangement aims at providing less dilutive financing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.