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MZI secures US$5M to advance mineral sands project

MZI Resources Ltd. secured US$5 million of debt financing to advance future operations at its flagship Keysbrook mineral sands operation in Western Australia, according to a May 29 statement.

The financing will be provided by MZI's major shareholder, Resource Capital Fund VI LP, and will be combined with another debt package both parties agreed to in November 2016.