PROJECT FINANCE

Polymetals getting backing for Endeavor mine restart

POLYMETALS Resources is currently undertaking an equity raising and is set to get US$10 million from trading firm Ocean Partners as a concentrate pre-payment upon third party confirmation of the Endeavour mine restart study, signed offtake contracts and an executed concentrate pre-payment facility agreement.

Polymetals getting backing for Endeavor mine restart

The quantum of the equity raising is currently unspecified, though speculation is it could be A$3-4 million. Polymentals bought the Endeavor zinc, silver-lead project in the Cobar Basin earlier this...

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