Anax Metals Secures $103M Investment for Whim Creek Project Development

Anax Metals Limited ( (AU:ANX) ) has issued an update.

Anax Metals Limited has secured a significant investment commitment from Mineral Development Partners Pte Ltd (MDP) amounting to up to A$103 million. This funding is aimed at restarting production at the Whim Creek Project and establishing it as a base metal processing hub in the Pilbara. The investment includes a $3.3 million convertible note and further funding for equity interests in Anax and its subsidiary, Whim Creek Metals Pty Ltd. This strategic partnership is expected to transform Anax’s operations, enhancing its industry positioning and delivering long-term value for stakeholders.

More about Anax Metals Limited

Anax Metals Limited is a company operating in the mining industry, focusing on the development and production of base metals, particularly copper. The company is working towards establishing a base metals hub in the Pilbara region, leveraging existing infrastructure and a robust feasibility study.

Technical Sentiment Signal: Buy

Current Market Cap: €2.52M

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