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IE / Cordoba Minerals receives US$2.5M loan from majority shareholder Ivanhoe Electric

Cordoba Minerals receives US$2.5M loan from majority shareholder Ivanhoe Electric
Cordoba Minerals Corp (TSX-V:CDB, OTCQB:CDBMF) announced that it has arranged a short-term, or bridge loan of US$2.5 million with its majority shareholder, Ivanhoe Electric Inc. The mineral exploration firm said the purpose of the bridge loan is to ensure the company can continue exploration activities and the advancement of its mineral projects, including the Feasibility Study technical work program at its 100%-owned San Matias copper-gold-silver project in Colombia, and for general corporate purposes. “With the ongoing backing of our majority shareholder, Ivanhoe Electric, we continue to advance exploration activities at our mineral projects,” Cordoba Minerals CEO Sarah Armstrong-Montoya said in a statement. Read More
Posted: Nov 14 2022, 15:32
Author Name: Proactive Investors
Views: 042174

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