trending Market Intelligence /marketintelligence/en/news-insights/trending/geAuKTVwWN4CIdIZLTa5lw2 content esgSubNav
In This List

Orion Minerals boosts capital raising for Prieska copper-zinc project to A$6.4M

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Lithium prices hold firm, cobalt prices rally

Blog

Profit margins key to Tsingshan's battery nickel supply plans

Blog

The Future of Risk Management Digitization in Credit Risk Management


Orion Minerals boosts capital raising for Prieska copper-zinc project to A$6.4M

Orion Minerals Ltd. received additional commitments of about A$900,000 from investors, allowing it to increase its capital raising to A$6.4 million through the placement of 255 million shares at 2.5 Australian cents each.

The company recently said it was planning to raise about A$5.5 million, along with the launch of a share purchase plan.

Orion will use the proceeds to fund a bankable feasibility study, optimization studies and early works for its flagship Prieska copper-zinc project in South Africa.

The company expects the share purchase plan to open Oct. 29 and close Nov. 29, it said Oct. 25.

Orion unit Repli Trading No 27 (Pty.) Ltd. was granted a mining right over its portion of the Prieska deposit, clearing the way for construction to start in September.