Orion Minerals a step closer to funding and refining
Dual listed copper developer Orion Minerals has entered into a non-binding term sheet for $87-million in funding to advance the development of its Prieska copper/zinc mine, in South Africa, and has secured an exclusivity agreement to develop a specialist battery product refining facility in the Northern Cape.
The ASX- and JSE-listed company on Monday announced that it had negotiated the potential funding package with Canadian streaming and royalty finance company Triple Flag Precious Metals, and is now advancing towards a definitive agreement targeted for the third quarter of this year.