Solidcore to Review Results of $96M Loan in Kazakhstan
Summary
Solidcore Resources will assess the results of a $96 million loan provided to Bai Tau Minerals by the end of the year.
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Solidcore Resources plans to review the outcomes of its financing extended to Bai Tau Minerals, the largest shareholder of Ulmus Besshoky, by the end of the year. The announcement was made by Aida Alzhanova, Deputy General Director for Strategic Development at Solidcore Resources.
In November 2024, PMTL Holding, a subsidiary of Solidcore Resources, issued a three-year loan worth $96 million to Bai Tau Minerals.
The review will enable the company to assess the efficiency of the capital provided and evaluate further strategic opportunities within the mining project.
Source: Kursiv
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