12
May
14:49
Nevada Copper arranges over $115m in sweeping finance package
Nevada Copper says it has arranged what it calls a significant financing package of up to $115 million to support completion of its Nevada underground mine ramp-up, Kallanish reports.
The deal consists of up to $70 million of restart and ramp-up financing supported by significant shareholders and up to $45m of funding to support the ramp-up of the Pumpkin Hollow underground mine. Additionally, the company also arranged the equitization of $82m of debt.
The fundin…
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Very good overview of the weekly steel market.
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