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Jubilee $50m project funding agreement

By BFN News | 08:55 AM | Wednesday 09 August, 2017


Jubilee Platinum has executed a US$50 million project funding agreement in support of its growth strategy for its metals recovery business. It said the project funding was structured at project level to minimise dilution and enhance Jubilee shareholder value and it was now set to accelerate its expansion into the extraction of metals not recovered at the first processing path reaping significant benefit. Chief executive Leon Coetzer said: "The execution of the funding provision is a key enabler towards unlocking a significant portion of the very large global potential that exists in the reprocessing of surface materials. "The metals contained in these various surface stocks have no mining costs attached to their recovery and offer the potential of significant return on investment. "The key to unlocking this potential, is the combination of our specialists' team with our historical expertise in metals extraction technology. "This enables us to implement suitable mineral and metal extraction solutions through the use of state-of-the-art, environmentally friendly and sustainable technologies, for which Jubilee Processing is renowned. "We have identified a significant pipeline of these resources with cash generative potential and we are carefully ranking these projects to pursue them in the short term. " At 8:55am: (LON:JLP) Jubilee Platinum PLC share price was +0.53p at 4.23p Story provided by StockMarketWire.com

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