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Fort Cady funding drive underway

American Pacific Borate & Lithium is in the throes of raising as much as US$45 million of funding to advance its Fort Cady project in California, USA, to production. The company is working on several fronts to get phase one of the project off the ground, with hopes two key permits will be granted by late 2019.

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Fort Cady in California, USA

The market responded positively but not ecstatically to ABR's news in January it would reduce the proposed borate and lithium development's pre-production capex to US$36.