Reported 2 days ago
Theta Gold Mines has finalized a $35 million loan agreement with the Industrial Development Corporation of South Africa to fund the TGME underground gold project. The seven-year loan allows for an 18-month deferment of capital and interest payments, following a thorough due diligence process. This agreement marks a significant milestone for the project, as the company prepares to complete its legal agreements and updates its feasibility study, with the next version expected by Q3 2025.
Source: YAHOO