Euro Manganese Announces Amendment to Funding Package with Orion Resource Partners
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Euro Manganese Inc. has amended its $100 million funding package with Orion Resource Partners to support the Chvaletice Manganese Project in the Czech Republic. The package includes a $50 million Convertible Loan Royalty Agreement and a $50 million royalty on project revenues.
December 04, 2024 | 12:45 pm
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Euro Manganese has amended its $100 million funding package with Orion Resource Partners, which supports the Chvaletice Manganese Project. This includes a $50 million Convertible Loan Royalty Agreement and a $50 million royalty on project revenues.
The amendment to the funding package is crucial for the development of Euro Manganese's Chvaletice Manganese Project. The financial backing from Orion Resource Partners indicates strong support and potential for project success, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90