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Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - Says Labrador Iron Mines, in which it has an 11% interest, receives $4 million investment from Scully Royalty Ltd. ‘The proceeds of the strategic investment will be used as working capital to advance the Houston project through a number of initiatives, expected to culminate in a preliminary feasibility study in 2023,’ Anglesey Mining explains. The investment consists of a $3 million equity component and a $1 million convertible credit facility.
Current stock price: 3.00 pence
12-month change: down 13%
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