Gold Wheaton Makes Second, US$75 Million, Payment To First Uranium For Forward-Sale Rights

Gold Wheaton Gold Corp, through a wholly-owned subsidiary, has met the second part of its committment under an agreement with First Uranium, with an advance of US$75 million. Under this agreement, Gold Wheaton can buy up to 25% of First Uranium's production from its Mine Waste Solutions tailings-recovery program in South Africa. The news release contains further details, and notes that Gold Wheaton has already gotten 20,000 ounces of gold from First Uranium.

This news was webbed after the market closed. Beforehand, Gold Wheaton closed at 22 cents, up 0.5 cents on the day; First Uranium closed at $4.40, up 5 cents.

Gold Wheaton's Google Finance web page is here; First Uranium's is here.

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