Bens Creek Group PLC announced on Tuesday that it has drawn additional financing to cover the requirements of its North American mining projects.
The London-based miner said it drew a further $1.3 million under its working capital facility with its largest shareholder, Avani Resources Pte Ltd.
Following this, the full $10 million outlined in the agreement with the Singapore-based commodities trader has been drawn by the company ahead of coal deliveries to Avani in April 2024.
Shares in Bens Creek were down 15% to 1.70 pence in London on Tuesday afternoon.
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