Resource Mining Corporation
- christopherbilmes
- Oct 22, 2024
- 1 min read
We are excited to announce that RiverFort Global Capital Ltd has extended funding support to Resource Mining Corporation Limited (RMI). RiverFort has provided a bridging loan of up to A$1,000,000 to RMI, demonstrating our commitment to backing high-potential projects in the resource exploration sector. This funding will help RMI advance their promising exploration activities at the Mpanda Copper-Gold Project in Tanzania and lithium exploration in Finland.
A$500,000 will be drawn immediately, with subsequent advances available for up to 3 years. The loan, which carries a fixed interest of 10%, will be secured by a first-ranking general security over RMI and its subsidiaries.
This funding underscores our belief in RMI’s growth potential and marks another strategic collaboration by RiverFort to support resource exploration companies on their growth journey. We look forward to seeing the company’s exciting projects unfold.
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