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An update from Robex Resources ( (TSE:RBX) ) is now available.
Robex Resources Inc. has successfully closed a US$130 million syndicated facility agreement with Sprott Resource Lending to finance the construction of the Kiniero Gold Project in Guinea. This agreement marks a crucial milestone for Robex, enabling the initial utilization of US$25 million, with further disbursements subject to specific conditions. Additionally, Robex issued 773,811 bonus shares to the lender as part of the agreement, reflecting 1% of the total commitment, which underscores the company’s strategic financial maneuvers to advance its project development.
More about Robex Resources
Robex Resources Inc. is a company operating in the mining industry, primarily focused on gold production and exploration. The company is engaged in developing the Kiniero Gold Project in Guinea, which is a significant part of its market focus.
YTD Price Performance: 17.87%
Average Trading Volume: 40,087
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$397.5M
For a thorough assessment of RBX stock, go to TipRanks’ Stock Analysis page.