Far Resources inks $12 mln facility with Alumina Partners
Far Resources Ltd, a Vancouver-based developer of battery metals mineral resources, has secured a draw-down equity facility of up to $12 million. The investor is Alumina Partners, a U.S. private equity firm. The funds raised will strengthen the company's balance sheet and allow it to pursue lithium exploration activities at the Zoro project in Manitoba and Hidden Lake project in the Northwest Territories. Alumina Managing Member Adi Nahmani said the deal supports Far Resources' growth plan to "better reflect the mission critical role that lithium plays in the global mobile technology market."
20 February 2019•4 mins read
