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.
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.
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.
