Orion raises $1.35m with strong South African support copper zinc OrionMinerals
JOHANNESBURG – Copper and zinc mine development company Orion Minerals has raised $1.35-million under its share purchase plan , with strong support from shareholders, particularly those in South Africa., forms part of a broader capital raising to advance the company’s early production strategy at its South African base metal projects in the Northern Cape.
Importantly, very positive progress has also recently been made towards a funding package with a leading development financing agency following an extended period of due diligence and negotiations, the company stated in a stock exchange news service announcement accessed byThe successful completion of the capital raising, together with other funding sources, would put Orion in a strong position to progress towards development of near-term production assets in the second half of 2022, helping to...
Smart hailed what he described as “particularly strong support from our South African shareholder base, which was a great result and reflects Orion’s positive standing in the local community”. He added that Orion was also continuing discussions with other potential funding partners, strategic investors and development finance agencies to progress its base metals development strategy in South Africa.
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