Article .... Mineweb Financing remains a challenge for junior miners - panel
A financing panel told the Reuters Global Mining and Metals Summit that despite steady commodity prices, junior miners still face an uphill battle when it comes to securing finance.
https://www.mineweb.co.za/mineweb/view/mineweb/en/page67?oid=148394&sn=Detail&pid=102055
Despite steady commodity prices, financing remains a challenge for junior miners, and a sluggish M&A environment means many projects face a long road to development, a financing panel told the Reuters Global Mining and Metals Summit.
While high-grade projects in stable jurisdictions are still a good bet to find money, lower-grade projects that would have been a slam-dunk just a few years ago are facing a grim market.
"From my perspective it's virtually non-existent," Krisztian Toth, a mining M&A lawyer at Fasken Martineau, said of the potential for equity financing, traditionally the go-to way to cash up a junior explorer.
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