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Euro Manganese closes on first $20 million loan from Orion
Chicago, Nov. 29 – Euro Manganese Inc. closed on the first $20 million of a $50 million loan facility provided by OMRF (BK) LLC which is managed by the Orion Resource Partners Group, according to a press release.
The $50 million loan facility is part of a larger $100 million funding package of non-dilutive financing.
Funding of the first tranche was contingent on the satisfaction of certain conditions.
Euro Manganese is a battery materials company based in Vancouver.
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