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BCI Minerals Ltd ( (AU:BCI) ) has issued an announcement.
BCI Minerals Ltd has reached critical milestones for the first draw down of its $981M project financing facility. This milestone allows BCI to complete the construction of the ‘salt first’ phase of the Mardie Project, backed by robust financial support from lenders including NAIF, EFA, and others. The company has secured binding offtake agreements covering 62% of expected production for key Asian markets, ensuring a solid market position and financial backing for future operations.
More about BCI Minerals Ltd
BCI Minerals Ltd is an Australian company engaged in the minerals industry, primarily focusing on the production of salt and potash through its Mardie Project. The company targets significant markets in China, Indonesia, Japan, Korea, and Taiwan through binding offtake agreements.
YTD Price Performance: 14.67%
Average Trading Volume: 10,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $500.2M
For detailed information about BCI stock, go to TipRanks’ Stock Analysis page.
