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RTG Mining ( (TSE:RTG) ) has shared an update.
RTG Mining has announced a strategic partnership between its subsidiary, Mt. Labo Exploration and Development Corporation, and Glencore International AG, a major player in the natural resources sector, to finance the development of the high-grade Mabilo Copper-Gold Project. This agreement includes a binding term sheet for a financing facility of up to US$30 million, structured in three tranches, to support the project’s Stage 1 development and working capital needs. The partnership secures funding for the entire estimated development budget, with additional provisions for cost overruns. The project will focus on mining high-grade copper and gold, including approximately 100,000 tons of supergene chalcocite material.
More about RTG Mining
YTD Price Performance: -50.0%
Average Trading Volume: 117,551
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$22.57M
Learn more about RTG stock on TipRanks’ Stock Analysis page.
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