North River Resources has secured $12 million in equity funding from Greenstone.
As a result, site and construction planning for the restart of the Namib lead and zine mine will now get underway.
The investment follows a week after the mine development plan for the $25 million restart of the mine project demonstrated good economics and a payback period of a year. Greenstone has agreed to inject equity as and when specific project developments are made.
This huge amount of funding will enable North River to complete all aspects involved in restarting the mine, as well as greatly accelerating the early stages and having a longer term strategy in place.