Australian mineral sands developer Sheffield Resources said on Wednesday it will receive a $69 million loan from Australia's northern infrastructure fund to help develop its Thunderbird project.
Until now, the Australian miner had been advancing exploration projects in Latin America focused mainly on gold, but with significant exposure to copper, molybdenum and zinc.
The project, which would become the European Union's only open-cast uranium mine if given the go-ahead, has faced local opposition since it was proposed.