Mayur Resources Limited (ASX: MRL) announced a significant milestone: ACAM LP and other strategic investors have finalized a deal to subscribe for US$10 million of Convertible Notes with the company. Moreover, these savvy investors intend to inject an additional US$40 million of equity funding into Mayur and its Central Lime Project in Papua New Guinea. This resounding show of confidence from the investors underscores the incredible potential of Mayur’s Central Lime Project, strategically positioned near the rapidly growing and supply-constrained Asia-Pacific markets.
The US$10 million Notes financing will fuel CLP construction activities, retire existing debt, and bolster working capital. The remaining conditional investment of US$40 million will turbocharge the CLP, propelling it toward full-scale commercial production, slated to kick off just 18 months from the Final Investment Decision. This is an exciting and promising development for Mayur Resources Limited and its stakeholders.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
