On February 20, 2024, Ascot Resources Ltd. closed its $62.5 million (US$50 million) financing from Sprott Resource Streaming and Royalty Corp. and Nebari Natural Resources Credit Fund II, LP. This financing was initially announced on January 22, 2024. Concurrently, Ascot closed a bought deal private placement financing, issuing 65,343,000 common shares at $0.44 per share, generating gross proceeds of approximately $29 million. The syndicate of underwriters was co-led by BMO Capital Markets and Desjardins Capital Markets, including CIBC World Markets Inc., Raymond James Ltd., and Velocity Trade Capital Ltd.

Derek White, President and CEO of Ascot, expressed gratitude towards Sprott Streaming, Nebari, existing shareholders, and new institutional shareholders. Michael Harrison of Sprott Streaming and Juan Alvarez of Nebari both expressed their support and satisfaction with the partnership and financing for the Premier Gold Project.

Auramet International LLC served as the financial advisor to Ascot, with Blake, Cassels & Graydon LLP acting as Ascot's legal advisor. Fasken Martineau DuMoulin LLP was the legal advisor for Sprott Streaming.

This financing will support the construction and ramp-up of the Premier Gold Project, pushing Ascot towards imminent production.