Saturday, March 15, 2025
4.4 C
London
HomeFinTechSheffield Resources: Secures US$110m funding for Thunderbird, WA

Sheffield Resources: Secures US$110m funding for Thunderbird, WA

Date:

ABN AMRO-Owned Neobroker Fined $1.6M for Paying Finfluencers

A Significant Penalty in the Financial Industry Highlights Regulatory...

AvidXchange Explores Potential Sale Amid Market Changes

What Investors Need to Know About AvidXchange's Strategic ShiftHighlights:...

Raisin Expands Its Offerings by Launching in Finland

Discover how Raisin is transforming the financial landscape in...

Sheffield Resources Secures US$110m funding for Thunderbird, WA

  • Sheffield Resources (SFX) completes the financing requirements for its Thunderbird mineral sands project in Western Australia
  • The company secured a US$110 million (A$170.6 million) production linked facility with the Orion Mineral Royalty Fund which follows a $160 million debt financing package
  • Additionally, Sheffield awarded a long-term contract to Piacentini & Son to supply and operate a mining unit plant for Thunderbird
  • Currently, construction activities at the project are over 40 per cent complete and first production is scheduled for Q1 2024
  • Company shares are up 12.5 per cent and trading at 45 cents at 2:57 pm AEDT

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories