Toubani Secures Funding for Kobada Gold Project
Toubani Resources has announced securing a $395m package to fully fund the construction of its Kobada gold project in Mali.
The package includes a $160m gold stream agreement with Eagle Eye Asset Holdings (EEA), a $26m raise through the exercise of existing options, and a $125m multi-tranche equity placement.
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The financing follows Toubani’s successful definitive feasibility study (DFS) for the Kobada project.
- Package value: $395m
- Gold stream agreement: $160m
- Equity placement: $125m
Author's note: Toubani Resources secures major funding.