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Nevada Copper has entered into a US$115 million credit agreement with Germany’s KfW IPEX-Bank to provide a long-term senior debt facility supported by a loan guarantee for the underground mine development at its Pumpkin Hollow copper project in Nevada, USA.
Pumpkin Hollow in Nevada, USA
Funding under the KfW IPEX facility will follow repayment of the company's existing Red Kite Mine Finance senior debt facility, in effect replacing the Red Kite debt to reduce debt service costs,
Financial lifeline thrown to Nevada Copper
Nevada Copper thrown non-binding lifeline
Nevada Copper delays ramp up, shares sink
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