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The latest announcement is out from Orion Minerals Limited ( (AU:ORN) ).
Orion Minerals Limited announced significant progress in its Prieska Copper Zinc Mine (PCZM) project, including a non-binding term sheet with Glencore for a financing package of up to US$250 million and concentrate offtake. The company also appointed Johan van Dyk as Project Director to lead the development team. Orion is focused on operational readiness and value engineering, with plans to finalize project financing and commence production soon. The company also raised A$8.6 million through a share placement, reflecting increased market confidence.
More about Orion Minerals Limited
Orion Minerals Ltd is developing two complementary base metal production hubs in South Africa’s Northern Cape Province, a significant mining region. The company is transitioning from developer to operator, targeting copper and zinc production by late 2026/early 2027 with plans to ramp up production significantly.
Average Trading Volume: 1,632,391
Technical Sentiment Signal: Buy
Current Market Cap: A$129.1M
See more data about ORN stock on TipRanks’ Stock Analysis page.