PROJECT FINANCE

Euro Manganese soars on 'transformative' Orion funding deal

EURO Manganese's agreement with Orion Resource Partners for US$100 million of funding for its circa $750 million Chvaletice manganese development in the Czech Republic has been well received by analysts and sent its share price up by some 50%.

Nathan Richardson, Isabeau van Halm
Euro Manganese soars on 'transformative' Orion funding deal

Funding is split in two equal parts, with a $50 million loan convertible into a 1.29-1.65% royalty on project revenues and $50 million for a 1.93-2.47% royalty. The royalties have an embedded sliding...

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