Robex Resources Secures $130 Million Financing for Kiniero Gold Project

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

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