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Ely gains Sprott-backed credit

Ely Gold Royalties (TSXV: ELY) has teed up a C$6 million (US$4.5 million) revolving line of credit from major shareholder Eric Sprott, to build its portfolio.

Ely gains Sprott-backed credit Ely gains Sprott-backed credit Ely gains Sprott-backed credit Ely gains Sprott-backed credit Ely gains Sprott-backed credit

Ely Gold Royalties is looking to add to its portfolio, which includes a royalty on Gold Resource Corp’s Isabella Pearl mine in Nevada

The Nevada-focused emerging royalties company said the TSX Venture Exchange had conditionally accepted for filing the company's agreement with Sprott's 2176423 Ontario for the facility.