High Power Exploration Inc.
High Power Exploration receives a significant equity investment
DGAP-News: High Power Exploration Inc.
/ Key word(s): Miscellaneous
London, United Kingdom–(Newsfile Corp. – November 20, 2019) – Eric Finlayson, President of High Power Exploration Inc. (“HPX”), announced today that the Company has closed a US$88 million equity investment from a U.S.-based institutional investor. The funds received will enable HPX, among other things, to fast-track development of the Nimba iron ore project, located in the Republic of Guinea with a target production of 20 million tonnes per annum of high-grade direct shipping ore with the possibility of further expansion in the future. Mr. Finlayson said, “This investment underscores not only the high quality of the Nimba project but also the pipeline of world-class projects and opportunities that the HPX management team is working to deliver.” About HPX HPX is a privately-owned, U.S.-domiciled mineral exploration and development company. For further information, please visit www.hpxploration.com. Information contact Evan Young To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49908 Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/49908News Source: Newsfile
20.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | High Power Exploration Inc. |
Canada | |
EQS News ID: | 917271 |
End of News | DGAP News Service |