Mining Weekly reported that Baja Mining has received another cash injection, this time for $115 million, from Korea Resources Corporation (Kores) to support construction of its Boleo project in Mexico.
As quoted in the market report:
The advance was made through Baja’s 49%-owned subsidiary Minera y Metalúrgica del Boleo (MMB) and was paired with an extension to the third standstill agreement, which expired on January 15.
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