Vanadium

Mining Weekly reported that vanadium miner Atlantic has secured a financing facility for $28.5 million that will help to fund the Windimurra project.

Mining Weekly reported that vanadium miner Atlantic has secured a financing facility for $28.5 million that will help to fund the Windimurra project.

As quoted in the market report:

The new funding facility was provided by its largest shareholder, Droxford International. The maturity date of the facility was March 12, 2014, and interest on the facility was payable at the rate of 22.5% a year, semi-annually in arrears.

To view the whole Mining Weekly report, click here. 

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