Forrest-backed firm invests in Adriatic

London and Australia-listed Adriatic Metals has secured US$28 million in financing that will allow the company to complete a definitive feasibility study for its Vares project following the publication of a highly promising prefeasibility study earlier this month.

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Adriatic Metals' Vares project in Bosnia & Herzegovina

The funding comprises of US$20 million from Queen's Road Capital (QRC), a TSX-listed investment firm based in Hong Kong.