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Adventus Mining Completes Draw of US$9 Million Under Financings
Adventus Mining Completes Draw of US$9 Million Under Financings Canada NewsWire ...
About this update from Altius Minerals Corporation
[{"type":"text","content":"\n \n \n \n Adventus Mining Completes Draw of US$9 Million Under Financings\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 20, 2023\n \n \n /CNW/ -\n \n Adventus Mining Corporation\n \n (\"\n \n Adventus Mining\n \n \" or the \"\n \n Company\n \n \") (TSXV: ADZN) (OTCQX: ADVZF) is pleased to announce it has been advanced\n \n US$9 million\n \n , pursuant to previously announced debt-related financing arrangements with Altius Minerals Corporation (TSX: ALS, \"\n \n Altius\n \n \") and Trafigura Pte Ltd. (\"\n \n Trafigura\n \n \") (see news release dated\n \n July 14, 2023\n \n ). With the closing of these advances, the Company estimates that it has sufficient capital to complete its corporate objectives to the end of 2023.\n \n \n \n \n \n \n \n \n \n \n Christian Kargl-Simard\n \n , President and CEO of Adventus Mining commented: \"While the overall equity capital markets have been weak for most junior mining companies, we are pleased to have completed these financings with Altius and Trafigura – two long-term supporters of Adventus and the El Domo-Curipamba project. The capital injection now secures financial strength for an exciting and crucial period with material milestones expected to transform El Domo-Curipamba from exploration stage to one of a limited number of new greenfield copper-gold mines globally. With approximately\n \n US$84 million\n \n spent on the project to date, and\n \n US$240.5 million\n \n of project financing arranged for future construction, the development of one of the highest grade undeveloped copper-gold projects in the world is an opportunity.\"\n \n \n Altius has advanced\n \n US$4 million\n \n (the ...