Lion One tees up US$40m financing for Fiji mine

Mining Journal

Lion One Metals (TSXV: LIO) has signed an indicative term sheet with two Chinese companies for a US$40 million financing package to develop “Fiji’s next high-grade gold project”.

Under the deal, Lion One intends to appoint Sinosteel Equipment and Engineering as the engineering, procurement and construction (EPC) contractor and engage Baiyin International Investment as the gold doré offtaker, for its fully-permitted Tuvatu underground gold project.