Murchison Metals has executed its agreement with Resource Capital Fund for a $100m bridge finance facility.
The facility will provide Murchison the ability to fund bankable feasibility studies (BFS) for the Jack Hills Expansion Project (JHEP) and Oakajee Port and rail infrastructure project.
Murchison Metals can also use the facility for development activities of the projects and for working capital of the firm.
Murchison executive chairman Paul Kopejtka said the facility would provide a robust buffer to the firm’s funding requirements.
“This facility ensures Murchison can fund its share of feasibility completion costs and other predevelopment activities as preparations for the Oakajee and JHEP projects enter their most exciting phase,” he said.