ExGen Resources (TSE:EXG) has released an update.
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ExGen Resources Inc. has announced a significant step forward for the Empire Mine Project in Idaho, with its partner Phoenix Copper Ltd. securing a fully subscribed $80 million bond issue to fund the mine’s construction. The funds will also support the production of copper, gold, and silver, along with general working capital needs. ExGen, which holds a 20% stake in the entity controlling the mine and also possesses shares in Phoenix, anticipates the project’s progress towards construction and future cash flow.
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