Profile: Sprott Resource Lending Corp (SIL.TO)

Sprott Resource Lending Corp. (Sprott Resource Lending) is engaged in providing lending facilities to the resource sector. The Company finances precious and base metal mining, exploration and development companies, as well as oil and gas companies and related businesses. The Company carries out lending activities on a global basis. Financing is primarily extended to companies that are involved in late stage exploration and development, or early stage production. The Company generally aims to provide loans where the loan does not exceed 50% of the security value. It provides finance in different forms, including term and bridge loans, precious metals loans and other credit facilities. Sprott Resource Lending also engages in the syndication of loans. On September 7, 2012, the Company sold 100% of the share capital of its subsidiary Viceroy Gold Corp. (VGC), which held an indirect 75% interest in Castle Mountain Venture (CMV).