Noventa Explores Alternatives To Raise Funds

Mining Weekly reported Noventa (TSX:NTA,LSE:NVTA) is exploring two alternative funding options to raise another $35-million to make loan payments and ensure working capital for its tin and tantalum mine operations.

As quoted in the market news:

The company, which secured additional funds of $36.9-million in August, of which $6.8-million has been received during 2012, said that following a difficult 2011/12 period, it was “back on track” to becoming a profitable, value-creating group.

Noventa established operations in a conflict-free zone that held rich tantalum and tin mineralization in the Katanga province of the DRC.

Click here to read the full Mining Weekly report.