{"url":"https://newsforagent.com/news/2026-11-02/soma-gold-silver-royalty-10-million","markdown_url":"https://newsforagent.com/news/2026-11-02/soma-gold-silver-royalty-10-million.md","title":"Soma Gold to Receive $10 Million From Silver Royalty","headline":"Soma Gold Signs Definitive Silver Royalty Deal Worth US$10 Million, Paid in Two Tranches","description":"Soma Gold agreed to receive US$10 million for a silver royalty, with US$3 million due at closing and US$7 million after security discharge by December 31.","section":"Funding","published_at":"2026-11-02T09:32:30+00:00","modified_at":"2026-11-02T09:32:30+00:00","author":"News Desk","key_takeaways":["Soma Gold entered a definitive agreement to receive US$10 million for a silver royalty, subject to closing conditions.","US$3 million is expected at closing on or about November 30, 2026, and US$7 million after security discharge and registration by December 31, 2026.","The royalty carries a 7.5% NSR after a 305,500-ounce threshold and a US$75,000 work fee is payable at closing."],"companies":[{"name":"Soma Gold","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0003ccy/soma-gold","website":"https://www.somagoldcorp.com"}],"source":{"publisher":"TradingView","title":"Soma Gold Corp. (SOMA) to Receive US$10M From Silver Royalty","url":"https://www.tradingview.com/news/tradingview:d72ba69db7835:0-soma-gold-corp-soma-to-receive-us-10m-from-silver-royalty/"},"other_sources":[],"tags":["Funding","Soma Gold"],"body_markdown":"[Soma Gold](https://akta.pro/company-profiles/0003ccy/soma-gold) Corp. entered a definitive agreement to receive US$10 million for a silver royalty, subject to closing conditions. [TradingView](https://www.tradingview.com/news/tradingview:d72ba69db7835:0-soma-gold-corp-soma-to-receive-us-10m-from-silver-royalty/) reported the agreement, which pays US$3 million at closing and US$7 million after security discharge and registration.\n\n## How the Soma Gold Silver Royalty Pays Out\n\nThe US$3 million tranche is expected at closing on or about November 30, 2026, subject to customary closing conditions and timing. The larger US$7 million tranche depends on releasing existing project security and registering the royalty, which Soma expects by December 31, 2026.\n\nThe royalty carries a 7.5% net smelter return after a 305,500-ounce threshold. After that delivery threshold, the royalty continues for the life of the project. A US$75,000 work fee is payable at closing, an upfront transaction cost that applies if closing occurs.\n\nThe agreement encumbers payable silver from the defined project while providing non-dilutive financing. Soma Gold is pursuing the transaction to fund development and growth from its existing asset base without issuing equity.\n\n## Soma Gold's Funding Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Soma Gold has six funding rounds on record and total funding of $50 million, with the last round dated October 16, 2026.\n\n| Date | Round type | Amount |\n| --- | --- | --- |\n| 2026-10 | Post IPO debt | $1.8 million |\n| 2026-06 | Post IPO equity | $5.4 million |\n| 2026-06 | Post IPO equity | $18.6 million |\n| 2025-08 | Post IPO debt | $7.2 million |\n\nThe same records list a December 2025 definitive agreement to buy and install a US$2.2 million Tomra XRT sensor-based ore sorting facility at El Bagre, with commissioning targeted for the first half of 2026 and throughput projected to rise from 450 tonnes per day to 700-750 tonnes per day by the second half of 2026.\n\n## Soma Gold's Recent Financing and Mine Expansion\n\nIn October 2026, Soma Gold arranged an unsecured revolving credit facility of up to C$2.5 million from Hampson Equities Ltd., a related party, TradingView reported. Proceeds will fund working capital and purchases of mineralized material from third-party producers in Colombia.\n\nIn July 2026, Colombia's Agencia Nacional de Mineria approved expanding production at the Aurora Mine from 25 tonnes per day to 75 tonnes per day, with the permit effective immediately, Mining Technology reported. Soma Gold said in June 2026 that it closed a $7.5 million private placement, issuing 10 million shares at C$0.75 each, with proceeds for production expansion at the Escondida and Aurora mines, ore sorting equipment, exploration and working capital, Newswire reported.\n\n## Soma Gold's December 31 Royalty Deadline\n\nThe US$7 million tranche is expected after security discharge and registration by December 31, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}