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Foran closes $150 mil credit facility with Sprott

Foran Mining has closed a US$150 million credit facility with Sprott Resource Lending, which is to be used towards construction of the McIlvenna Bay copper-zinc project in Saskatchewan, Canada.

Foran closes $150 mil credit facility with Sprott Foran closes $150 mil credit facility with Sprott Foran closes $150 mil credit facility with Sprott Foran closes $150 mil credit facility with Sprott Foran closes $150 mil credit facility with Sprott

Foran’s share price rose 4.84% day on day to C$3.03 on 21 December.

"Securing project finance is a very significant milestone for the Company, and we believe this agreement maximises risk-adjusted value per share for existing shareholders," Foran's executive chairman

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