Minerals exploration and development company Western Mines has secured a new funding facility to advance drilling at the Mulga Tank nickel/copper/cobalt/platinum group elements (PGE) project in Western Australia’s Eastern Goldfields.
The ASX-listed company has entered into an at-the-market (ATM) facility with Alpha Investment Partners, which will provide A$6-million of standby equity capital over the next 48 months.
Western Mines says the ATM facility adds to a range of funding opportunities and flexibility in the capital raising options available to continue advancing the Mulga Tank project.