Vista Gold unit enters royalty agreement with Wheaton Precious Metals affiliate

Vista Gold (VGZ) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty. Ltd., has entered into a Royalty Agreement with an affiliate of Wheaton Precious Metals (WPM) dated December 13, 2023, in relation to the company’s Mt Todd gold project located in Northern Territory, Australia. Pursuant to the terms of the Royalty Agreement, Vista Australia granted Wheaton a royalty in the amount of 1% of gross revenue from the sale or disposition of minerals from the Project, subject to adjustments in certain circumstances. In consideration for the Royalty, Wheaton will provide Vista with $20M to advance Mt Todd and for general corporate purposes. The transaction is subject to approval from the Australian government Foreign Investment Review Board. Wheaton has also been granted a Right of First Refusal on any royalties, streams or pre-pays pertaining to Mt Todd.