KGL Resources secures transformative US$300m streaming deal with Wheaton Precious Metals for its Jervois copper project in Australia's Northern Territory.

KGL Resources secures transformative US$300m streaming deal with Wheaton Precious Metals for its Jervois copper project in Australia's Northern Territory. The agreement provides US$275m upfront capital, with US$32m available before construction begins and the remaining US$243m delivered in four tranches upon meeting construction milestones. An optional US$25m Cost Overrun Facility offers additional flexibility. KGL retains full copper exposure while streaming 75% of silver and gold output initially. This deal significantly de-risks project development and addresses previous funding uncertainties, replacing traditional debt covenants with a more favorable capital structure. Wheaton also commits to participate in future equity raises up to AU$35m within one year, capped at 9.9% ownership.