09
Mar
13:05
HPX completes financing to advance Guinea ore project
High Power Exploration (HPX) has completed the second and final tranche of $200 million equity financing that will be used to fast-track development of the Nimba iron ore project in Guinea.
Subscribers to the convertible preferred shares included several new institutional investors from the United States and Canada, Kallanish notes.
The Nimba project will initially have a production capacity of 15 million tonnes/year of high-grade direct shipping iron ore, later …
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