Base metals explorer and developer Amur Minerals on Wednesday outlined its strategy to fund the bankable feasibility study (BFS) for its Kun-Manie nickel/copper sulphide project, in the far east of Russia.
The company would execute a “tried and proven” funding strategy, board adviser Adam Habib said in a statement, explaining that it planned to put in place a binding offtake agreement and, with the support of the offtaker, raise sufficient funding to complete the BFS.
It is envisaged that the funding would be principally through debt, with a further component funded through equity and/or a supporting investment from an offtake partner.
Amur would also seek to invest in revenue-generating assets through corporate activity to strengthen its balance sheet and financial position.