Bullboard - Stock Discussion Forum K92 Mining Inc T.KNT

Alternate Symbol(s): KNTNF

Metals & Mining Gold

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150... see more

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TSX:KNT - Post Discussion

K92 Mining Inc > New Press Release - K92 Mining Announces US$100 Million Senior Secured Loan and Amended Offtake Agreement With Trafigura, Bolstering Balance Sheet and Future Metals Payabilities

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Post by PressRelease on Sep 26, 2023 6:30am

New Press Release - K92 Mining Announces US$100 Million Senior Secured Loan and Amended Offtake Agreement With Trafigura, Bolstering Balance Sheet and Future Metals Payabilities

VANCOUVER, British Columbia, Sept. 26, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that it has entered into a loan agreement with Trafigura Pte Ltd, a market leader in the global commodities industry, pursuant to which...read article.

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Comment by GoldInsect777 on Sep 26, 2023 11:39am

I don't understand. How is this good news? I thought the entire thesis of KNT was that it would not have to take on additional debt to fund it's operations?

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