Baja Buys Time for Boleo Project Financing

Reuters reported that Baja Mining (TSX:BAJ) has been granted a 45-day standstill from lenders as it looks to secure funding for the Boleo copper-cobalt-zinc project.

As quoted in the market news:

The lenders will refrain from exercising rights until Aug. 1 with regard to certain defaults, Baja said in a statement. The company said a cash injection of $21 million will take care of cash requirements for the project till Aug. 1.

Click here to read the full Reuters report.

Get the Latest Cobalt Investing Stock Information

Get the latest information about companies associated with Cobalt Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Why Have Most Investors Forgotten About Metals - One Of The Safest Investments In The World?

Discover everything you need to know to diversify your portfolio with metals. Click below to download a FREE industry report on critical metals investing.

Get My Investor's Guide
Click here to download for free


Leave a Reply