Orion Minerals has secured more funding to speed up the development of its advanced base metals projects in the Northern Cape in what it called a game-changing quarter for the mine developer.
The company said in a quarterly update for the three months to end-March that it has received a share placement — when a company issues new shares to raise funds — for A$13m (R156.9m). The first tranche of A$10.66m has been received and the second one is subject to shareholder approval...
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