Nativo Signs Letter of Intent with Chancery Royalty to Fund La Patona Gold Plant
Nativo Resources has signed a conditional letter of intent (LoI) with Chancery Royalty for project finance and equity subscription, aimed at completing the construction and commissioning of phase one of its La Patona gold ore processing plant in Acarí, Peru. The agreement includes $3.5 million in financing to be disbursed over seven months starting by 31 December 2026, with funds designated for infrastructure development and working capital needs. Chancery Royalty will also subscribe £600,000 worth of equity through two tranches, granting new investors a combined 17.4% stake in Nativo's enlarged share capital. In return, Chancery will receive a 6% gross revenue share on gold produced at La Patona until it recovers the equivalent of 3,034 troy ounces. The plant is expected to be commissioned by Q2 2027 and has potential for future expansion up to 350 tonnes per day.
