BKT black rock mining limited
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News: BKT Black Rock Mining Says Approved Loan Of Up To $59.6M For Mahenga

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    02/11/23
    12:30
    Post #: 70687873

    Nov 2 (Reuters) - Black Rock Mining (BKT) :

    • DEVELOPMENT BANK OF SOUTHERN AFRICA APPROVED A LOAN OF UP TO US$59.6M FOR MAHENGE
    • DISCUSSIONS WITH OTHER POTENTIAL LENDERS ARE ONGOING WITH ADDITIONAL PROGRESS EXPECTED NEAR TERM
    • EXPECTS LENDER BOARD APPROVALS FROM SEVERAL POTENTIAL LENDERS DURING Q4 2023
    • FUNDING FOR MAHENGE TO REACH PRODUCTION WILL REQUIRE COMBINED DEBT AND EQUITY PROJECT FINANCE PACKAGE
    • COMPANY IS TARGETING UP TO 50% DEBT VIA TRADITIONAL PROJECT FINANCE FOR MAHENGE
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    lightbulb Created with Sketch.  Great analysis
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