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
