Supplementing previously announced debt and streaming agreements, completion of the US$12m first tranche of Thor’s targeted US$33m equity placing takes funding commitments for Segilola to US$81m. With the US$21m second tranche due to close next month and underwritten by debt backer African Finance Corp, Thor now has visibility on US$103m of total project funding. This more than covers the US$98m requirement for the planned open-pit operation (of which direct capex is US$87m), and construction is ....
