De Grey Mining Boosted by $150M NAIF Loan

De Grey Mining Ltd (AU:DEG) has released an update.

De Grey Mining Ltd has secured a $150 million loan from the Northern Australia Infrastructure Facility (NAIF) to aid in the development of their Hemi Gold Project. This loan is a component of a larger $1 billion financing strategy, which is expected to be finalized in the latter half of 2024. The project aims to bring economic and employment benefits to the Pilbara region and particularly to the Kariyarra People, the traditional landowners.

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