NioCorp Developments expects to receive the funding from an entity managed by The Lind Partners, a New York-based asset management firm, on or around July 9.
Results of the Preliminary Economic Assessment show Cangrejos is one of the world's top 15 undeveloped gold projects based on its average annual production potential.
US law firm Bernstein Liebhard said the suit would deal with "misleading statements" made by the precious metals producer, which has had 21 fatalities on its operations so far in 2018.
Trial dates have been set to determine whether expansion at the Greenbushes mine, in which Tianqi Lithium holds a stake, would impact its mineral rights.
Miners are urging the government to lift a six-year ban on large-scale projects in the Philippines after the state removed restrictions on smaller ventures.
In a lawsuit filed Wednesday the American Institute for International Steel and two of its member companies argue that the US president’s tariffs on steel and aluminum imports are unconstitutional.