CAPITAL MARKETS

Australian Mines' Halloween surprise 

AN inability to secure project financing by the due date has led to the collapse of an offtake agreement over the Sconi nickel-cobalt-scandium project with South Korea's SK Innovations, even after a 31-day extension and talk of "pleasing" progress.

Sconi's product no longer has an offtake.

Sconi's product no longer has an offtake.

Under the agreement, which dates back to a February 2018 terms sheet, project owner Australian Mines was to have secured legally binding financing documents for Sconi, and SKI was to have been satisfied...

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