[Ferro-Alloys.com] 

US Strategic Metals secures $500 million in funding for Missouri-based cobalt-nickel mine

Appian Capital Advisory LLP announced on Monday that it has committed a $230 million financing package to miner and battery metals producer US Strategic Metals (USSM).

According to Appian, the initial funding consists of a $120 million secured term loan facility, along with a $70 million secured royalty financing arrangement and warrants.

With the transaction, USSM has reached nearly $500 million in funding and commitments for the development of its cobalt-nickel mine and the construction of its hydrometallurgical battery metals recycling facility based in Fredericktown, Missouri.

• [Editor:邢亚敏]