Client
The client is a mining company in Australia that mines Titanium in New South Wales, Australia.
Scenario
The Client has a Titanium mining lease granted until 31 March 2033 for 1497 hectares of land. They have a confirmed JORC Resource of 69 million tonnes of ilmenite as well as significant other resources from drilling results.
Solution
Wealthbullet arranged a funding of USD 52 million in the form of a convertible loan note with a term of 36 months.
AUD
52 Million
Country
Australia
Sector
Mining
Sub-sector
Titanium Mining
Deal Type
Project funding
Structure
Convertible Loan Note
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