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Xtract Resources PLC gains ground as drilling in Australia restarts ahead of forecast after heavy rains
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FTSE 100 ends positive as Wall Street s Dow welcomes upbeat economic report
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FTSE 100 drifts lower despite inflation slowing and UK economy rebounding
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Bryan Cave Leighton Paisner (BCLP) has advised Vision Blue Resources Ltd (VBR), a newly created battery commodity/resource-focused investment company founded by Sir Mick Davis (former CEO of Xstrata Plc), on both its US$29.5 million investment in NextSource Materials and its, up to, US$12.6 million investment in Ferro-Alloy Resources Ltd (FAR).
NextSource Materials is a mine development company based in Toronto, Canada. The US$29.5 million Financing Package will fully fund the construction of the company’s Molo graphite mine in Madagascar and will be completed in two tranches. The first tranche comprises an initial non-brokered, private placement equity investment of US$6.1 million (CAN$7.8 million) which has completed, while the second tranche of the financing package will be completed through an additional private placement for additional gross proceeds of US$12.4 million. The parties have also entered into a secured royalty agreement, pursuant to which VBR will a
BCLP advises Vision Blue Resources on mining investments
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