BMC (UK) Ltd. closed a US$38 million debt facility from RK Mine Finance to fund its flagship Kudz Ze Kayah zinc project in Canada's Yukon Territory.
The company said Feb. 1 that it now has undrawn equity and debt funding of over US$100 million available for project exploration and development.
A definitive feasibility study for the project is expected to be complete in the next 12 months.
CEO Scott Donaldson said BMC would also consider project acquisition opportunities.
