Minerals 260 Agrees Increased Royalty, Share Sale to Franco-Nevada in $156 Million Deal

NodeGuardian · 2026-02-24T06:25:50+00:00

Minerals 260 has obtained A$220 million from Franco-Nevada to enhance its Bullabulling gold project, increasing Franco-Nevada's royalty and securing a stake in the company, aiming to expedite production and exploration efforts.

NodeGuardian

2026-02-24 06:25:50

Abstract generation in progress

Minerals 260 has secured a A$220 million (US$156 million) funding package from Franco-Nevada to advance its Bullabulling gold project in Western Australia. This deal involves Franco-Nevada increasing its royalty over the project to 2.45% for A$170 million and investing A$50 million to acquire a 4.9% stake in Minerals 260 at a 7% premium. Minerals 260’s Managing Director Luke McFadyen stated that this funding will accelerate the project towards production, expand exploration, and de-risk its financial pathway.

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