Global zinc stocks falling to "critically low levels" by second half of 2018, propelling prices above $4,000 a tonne predicts Wood Mackenzie in new research.
Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.
Proceeds from the private placement and financing will be used for exploration and development of the junior miner’s projects in Colombia and Nicaragua.