Mali’s mining code allows Compass to mine up to 200,000 tonnes of ore a year in the country’s south and produce as much as 160,000 oz. of metal over the next four years.
Total transaction value as of Sept. 30 was $4.76 billion, down more than 50% compared to the $10.52 billion registered in the full year 2023.
The loan would cover 60% of the uranium project's projected costs.
Critical Metals acquired a controlling stake in Tanbreez in June, hailing it as a potential "game-changing" mine project for North America's rare earths supply chain.
