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Macarthur Minerals secures $2M capital raise, with mining partner set to become a major shareholder.
Macarthur Minerals secured a $2 million capital raise, with mining partner Gold Valley Yilgarn agreeing to underwrite it, potentially becoming a major shareholder.
This funding will help Macarthur cover expenses until it starts receiving royalties from a Western Australian iron ore project.
The joint venture allows Gold Valley to mine the hematite deposit, with payments to Macarthur based on the amount mined.
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Macarthur Minerals asegura un aumento de capital de 2 millones de dólares, con un socio minero que se convertirá en un accionista importante.