NioCorp Developments expects to receive the funding from an entity managed by The Lind Partners, a New York-based asset management firm, on or around July 9.
Results of the Preliminary Economic Assessment show Cangrejos is one of the world's top 15 undeveloped gold projects based on its average annual production potential.
US law firm Bernstein Liebhard said the suit would deal with "misleading statements" made by the precious metals producer, which has had 21 fatalities on its operations so far in 2018.
In a lawsuit filed Wednesday the American Institute for International Steel and two of its member companies argue that the US president’s tariffs on steel and aluminum imports are unconstitutional.
OZ Minerals has announced that it has a relevant interest in Avanco of more than 90%, which means the company will now “compulsorily acquire” all of the remaining shares and acquire the fellow copper producer entirely.
The $575-million figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month.
