Erdene Resources Secures $50M Finance for Gold Project

Erdene Resources (TSE:ERD) has released an update.

Erdene Resource Development Corp. has secured a US$50 million finance facility from the Trade and Development Bank of Mongolia to advance its Bayan Khundii Gold Project, aiming for initial gold production by mid-2025. The company also reports commitments for warrant exercises totaling approximately C$5 million, which will help fund other projects, including the Zuun Mod molybdenum-copper project.

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