West Wits Mining Limited (AU:WWI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
West Wits Mining Limited is advancing plans to secure funding for its Qala Shallows mine in South Africa, with a Development Finance Institution completing its due diligence and a commercial bank nearing the end of its own evaluation. The anticipated syndicated senior debt loan is expected to cover 50-60% of the mine’s development costs, providing a significant non-dilutive funding boost. This progress marks a key step in ensuring the mine’s development and operational readiness.
For further insights into AU:WWI stock, check out TipRanks’ Stock Analysis page.