Atlantic to Tap Into Cash Reserves for Windimurra

Mining Weekly reported that Australian miner Atlantic has announced it will tap into its cash reserves to push forward with its Windimurra vanadium plant in western Australia.

As quoted in the market report:

The miner said on Monday that under a release agreement, it would be able to access $9.9-million from its subsidiary Midwest Vanadium’s cash reserve, with the potential for a further $10-million in early 2013.

To view the whole Mining Weekly report, click here.