Pembridge Resources (PERE.L) is getting its ducks in a row for the Minto copper project in Canada’s Yukon territory. It has now signed a deal with ‘a leading global Japanese trading house’ which was willing to extend a US$30M concentrate prepayment facility to Pembridge as part of an offtake agreement whereby the Japanese trading house gets the right to buy 125,000 tonnes of copper between now and December 31st 2021.
That’s great news for Pembridge Resources, which recently acquired the Minto project from Canadian copper producer Capstone Mining (CS.TO).
Go to Pembridge’s website
The author has no position in either Pembridge Resources or Capstone Mining. Please read the disclaimer
