PPX Mining (TSE:PPX) has released an update.
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PPX Mining Corp. has successfully secured the first installment of a $6 million loan from a major shareholder to build a 350 tpd CIL and Flotation plant in Peru, following the receipt of the final construction permit. This financial boost aims to enhance the processing of materials from the Callanquitas Mine, with favorable loan terms including an 11.75% interest rate and a grace period of 1.5 years.
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