28
Nov
12:23
Euro Manganese secures $100m financing to progress Chvaletice
Euro Manganese said Tuesday it has secured a $100 million financing line from OMRF, managed by Orion Resource Partners Group, to advance its Chvaletice manganese project in the Czech Republic.
The deal with Orion is split into two $50m instalments, Kallanish learns from Euro Manganese. The first loan facility, convertible into a 1.29-1.65% royalty on project revenues, involves a $20m payment upon closing and a $30m payment when agreed milestones are met. These un…
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