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date:18/09/2023
location:Pan Pacific Perth
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Australian iron ore miner Fortescue Metals Group will invest a further C$4 million in Toronto-listed Candente Copper Corp.
Candente's Canariaco copper project
The miner will buy 22.2 million shares at 18c per share, a 26% premium to the five-day volume-weighted average price of Candente shares.
FMG first invested in Candente in early 2020 and holds 52.
Smaller project could be easier to finance
Glencore lifts stake in MARA project
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