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Fort Cady funded through to production

American Pacific Borates has secured up to US$51 million (A$75.7 million) to take the first phase of its Fort Cady project in California, USA, into production.

Fort Cady funded through to production Fort Cady funded through to production Fort Cady funded through to production Fort Cady funded through to production Fort Cady funded through to production

American Pacific's Fort Cady project in California, USA

The company announced a placement in two tranches to raise A$31.2 million, cornerstoned to $15 million by an unnamed existing shareholder.

The issue price of A60c per share represents a 14.