MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Secures Strategic Funding Boost for Storm Copper Project

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) announced that joint venture partner American West Metals has entered a strategic partnership and funding agreement with Ocean Partners Holdings to support development of the Storm Copper Project. Ocean Partners will provide up to 80% of initial development capital through a senior secured loan, subscribe to a $2 million financing, and receive 100% of offtake rights for copper and silver from near-surface mineralization. In addition, Taurus Mining Royalty has advanced a $3.5 million payment under a previously announced royalty deal, with Aston Bay receiving 20% of the proceeds without restrictions.

To view the full press release, visit https://ibn.fm/qNJtx

About Aston Bay Holdings Ltd.

Aston Bay is a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia, USA, and Nunavut, Canada. The company is currently exploring the Storm Project property and Cu-Ag-Zn-Co Epworth property in Nunavut, as well as the high-grade Buckingham Gold Vein and critical metals prospects in central Virginia. The company is also in advanced stages of negotiation on other lands with high-grade copper potential in North America. The company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, “American West”), formed a 20/80 unincorporated joint venture in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%. Further details are available on the company’s website at https://astonbayholdings.com.

NOTE TO INVESTORS: The latest news and updates relating to ATBHF are available in the company’s newsroom at https://ibn.fm/ATBHF

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