Magellan gets more funding

MAGELLAN Metals is set to lock in much-needed financing of up to $C10 million ($A9.7 million) to resume operations at its namesake project in Western Australia, as the company waits on the state environment minister’s decision.

Magellan gets more funding Magellan gets more funding Magellan gets more funding Magellan gets more funding Magellan gets more funding

In an update to the market, Magellan’s Canada-based parent company Ivernia said it had received a non-binding letter from Canadian private equity firm Sentient Executive GP III whereby Sentient would

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