Bank mandates for Nordic Mining project expected in Q4

Nordic Mining is expected to mandate banks in Q4 2019 for the financing of the $207 million Engebo Rutile and Garnet mining project in Norway. Financial close is forecast for Q3 2020. The project will be financed via a 10-year $124 million debt package on a 60/40 debt-to-equity ratio.  The 1.5...