AU$11 Million Funding Secured to Boost Antler Copper Project

New World Resources (ASX: NWC) has secured AU$11 million in non-dilutive funding through a binding agreement with Trident Royalties Plc. In exchange, Trident will receive a 0.9% Net Smelter Return (NSR) royalty over the Antler Copper Project in Arizona, USA,while New World retains the right to buy back 0.3% of the royalty. These funds will be used to accelerate resource expansion and discovery drilling and expedite mining operations at the Antler Copper Project.

This financing method is less dilutive to New World shareholders compared to traditional equity funding. The Managing Director of New World, Mike Haynes, expressed satisfaction with the funding, emphasizing that it supports the company's expansion and development strategy to become a significant North American copper producer. The Antler Copper Project is well-positioned for initial production, coinciding with a forecasted global copper supply shortfall.

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