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Droxford International

Atlantic starts to rebuild

Atlantic is using a big insurance payout to rebuild the Windimurra vanadium plant nearly a year after a fire forced the project to shut down, but the company still faces major operational and financial challenges.

Atlantic MD Minosora resigns

Atlantic managing director and chairman Michael Minosora has resigned from the company after a horror year for the vanadium and iron ore producer.

Atlantic secures more debt funding

Struggling miner Atlantic has secured $29.7 million in debt funding from its major shareholder Droxford International and negotiated a standstill arrangement with the majority of its noteholders.

Atlantic set for extra funding

Embattled miner Atlantic is once again set to obtain extra funding from major shareholder Droxford International, which has proposed a new $32.6 million loan facility.

Atlantic secures further $11.75m funding

Vanadium producer Atlantic has secured a further $11.75 million in unsecured funding from its biggest shareholder, Droxford International, the latest in a series of cash injections to sustain its working capital.

Atlantic lines up $20 million from major shareholder

Battling vanadium miner Atlantic has secured an additional $20 million in high interest debt to fund continued development at its Windimurra mine in the Mid West.