Brief: Altamin Ltd Secures A$94M Appian Funding Deal For Gorno

Altamin

25/07/2022 02:33

July 25 (Reuters) - Altamin Ltd  AZI.AX :
    * ALTAMIN SECURES A$94M APPIAN FUNDING DEAL FOR GORNO
    * APPIAN TO EARN UP TO A 67.4% INTEREST IN GORNO
    * ALTAMIN ANTICIPATES IT WILL RETAIN A 32.6% INTEREST IN
GORNO
ONCE PROJECT HAS BEEN FUNDED TO COMMERCIAL PRODUCTION
    * TO ESTABLISH AN INCORPORATED JOINT VENTURE WITH APPIAN
NATURAL
RESOURCES FUND II TO OPERATE AND FUND DEVELOPMENT OF GORNO ZINC
PROJECT
    * APPIAN WILL COMMIT US$10 MILLION IN PRE-FID FUNDING STAGE
TO
EARN 29.9% INTEREST IN JV COMPANY

Source text for Eikon:  ID:nASX54FNtZ 
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