[Ferro-Alloys.com]
US Strategic Metals secures $500 million in funding for Missouri-based cobalt-nickel mine
Appian Capital Advisory LLP announced on Monday that it has committed a $230 million financing package to miner and battery metals producer US Strategic Metals (USSM).
According to Appian, the initial funding consists of a $120 million secured term loan facility, along with a $70 million secured royalty financing arrangement and warrants.
With the transaction, USSM has reached nearly $500 million in funding and commitments for the development of its cobalt-nickel mine and the construction of its hydrometallurgical battery metals recycling facility based in Fredericktown, Missouri.
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- [Editor:邢亚敏]
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