Black Rock Mining Limited (AU:BKT) has released an update.
Black Rock Mining Limited has secured a US$40 million equity investment from POSCO International Corporation, enhancing its financial strategy for the Mahenge Graphite Project in Tanzania. This strategic partnership also includes a long-term offtake agreement for graphite concentrate, de-risking the company’s pathway to production. Additionally, Black Rock has signed a US$179 million facilities agreement with various banks to further develop the project.
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