Danakali ‘Shovel-ready’ at Colluli following Execution of US$200m Debt Finance Mandate

‘We are shovel-ready … so as soon as we secure the full funding, we will start construction, and production will be in 2021’ BY PROACTIVE INVESTORS Danakali Ltd (ASX:DNK) (LON:DNK) executive chairman Seamus Cornelius updates Proactive Investors on the potash developer’s recent execution of a mandate to provide fully underwritten debt finance facilities of US$200M […]

Continue Reading

Danakali Appoints Financial Advisor for Colluli Funding Options

By Proactive Investors, DANAKALI Limited (ASX:DNK) has appointed independent mining finance advisory team Endeavour Financial to assist in the evaluation of funding options for its globally significant Colluli Potash Project in Eritrea. Colluli has an ore reserve of 1.1 billion tonnes at 10% K2O equivalent and will be developed through a phased approach. Construction of […]

Continue Reading

Sunridge’s Path to Production Shines as Investors Interest Grow

By Proactive Investors, Sunridge Gold (CVE:SGC) is surging ahead with its Asmara project in Eritrea, getting close to securing a debt financing to put its flagship property into production, according to CEO Michael Hopley, who spoke to Proactive Investors in an interview last week. In June, the company initiated a due diligence review — the step […]

Continue Reading

Sunridge Start Debt Financing Due Diligence Review

By BusinessWire, Sunridge Gold Corp. (sgc:TSX.V/SGCNF) is pleased to announce that the international mining industry consulting company Micon International Limited (“Micon”) has been selected to complete an independent “due diligence” review of the Asmara Project, Eritrea on behalf of the potential financing providers to the project. Endeavour Financial Limited (Cayman) (“Endeavour”) will lead this process […]

Continue Reading