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10-02-2024, 07:50 PM #1
- Join Date
- Aug 2024
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- 15
Opportunity in US mining financing
I'm reaching out to gauge interest in a unique opportunity in the mining sector. This project is not only based in the US, but is also revenue-ready, allowing for faster transition to full production with the right capital infusion.
The company is seeking to raise up to $15 million to develop its mining production facilities. They have already secured a preliminary offtake agreement for 50,000 tons per year and are poised to tap into a growing market, with potential first-year sales exceeding $45 million.
The company’s existing financing framework consists of a USDA loan of approximately $4.42 million and a state manufacturing bond facility totaling $10.5 million. These funds have been strictly allocated for the acquisition of land, buildings, and essential capital equipment. As a result, they cannot be utilized for mine construction or mineral production, which is why this new capital raise is critical.
If you're interested or have any ideas on how to support, please reach out.
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