Franco-Nevada Commits A$220M for Royalty and Equity
On February 22, 2026, Franco-Nevada Corporation announced a definitive agreement to provide a A$220 million financing package to Minerals 260 Limited. The deal provides crucial capital for the development of the Bullabulling Gold Project located in Western Australia.
The investment is structured in two parts. The larger component is a A$170 million (approximately $120 million) payment for a gross royalty on the project. Additionally, Franco-Nevada will subscribe for A$50 million (approximately $35 million) of Minerals 260's ordinary shares, aligning its interests with the junior miner's equity performance.
Deal Secures Future Growth for Both Companies
This transaction significantly de-risks the Bullabulling project for Minerals 260, providing the necessary capital to advance development and move towards production. The endorsement from a leading royalty and streaming company like Franco-Nevada serves as a strong vote of confidence in the asset's potential.
For Franco-Nevada, the acquisition expands its extensive portfolio with a substantial new royalty in a tier-one mining jurisdiction. By securing a long-term interest in Bullabulling's future gold production, the company reinforces its core business model of generating revenue from a diversified portfolio of mining assets while limiting direct exposure to operational risks.
