Robex Resources ( (TSE:RBX) ) has issued an announcement.
Robex Resources Inc. has secured Sprott Resource Lending as the debt provider for its Kiniero Gold Project in Guinea, with a financing facility of up to US$105 million, potentially increasing to US$130 million. This facility, which has undergone comprehensive due diligence by Sprott, is structured to support the construction of the project, with the first drawdown expected in Q1 2025, aligning with Robex’s goal for a first gold pour by Q4 2025. The agreement includes competitive terms such as a 6.5% interest rate and no hedging or royalties, positioning Robex favorably in the gold production industry and enhancing its financial strategy to meet project milestones.
More about Robex Resources
Robex Resources Inc. is a West African gold producer and developer, focusing on mining projects in the region. The company is primarily involved in gold extraction and project development, with a significant emphasis on the Kiniero Gold Project in Guinea.
YTD Price Performance: 2.55%
Average Trading Volume: 20,483
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$305.9M
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