trending Market Intelligence /marketintelligence/en/news-insights/trending/63v4tOXffDTeApH0pwFAeQ2 content esgSubNav
In This List

Metro Mining secures A$8.9M private equity funding for Bauxite Hills for 19.98% stake in company

Blog

Essential Metals & Mining Insights - October 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Video

Essential Metals & Mining Insights - September 2021

Blog

Lithium and Cobalt CBS September 2021 — Lithium price surges, cobalt range-bound


Metro Mining secures A$8.9M private equity funding for Bauxite Hills for 19.98% stake in company

Metro MiningLtd. has secured funding of A$8.9 million from Greenstone ResourcesII LP by giving the latter a 19.98% interest in the company.

The company will use the funds to advance its flagshipBauxite Hillsbauxite project in Queensland, Australia, according to the July 11 statement.

As part of the deal, Greenstone will nominate arepresentative to Metro's board as well as a representative on the Bauxite Hillsdevelopment steering committee.

Mining and metals private equity fund Greenstone will alsoprovide strategic support and a conditional commitment for additional financialbacking of up to US$20 million for development at Bauxite Hills.