Jubilee Platinum
- christopherbilmes
- Oct 28, 2022
- 1 min read
August 09, 2017 - Jubilee Platinum enters into a US$50M strategic project finance agreement
Based on the success of its Mistubishi-Hernic project which was financed by RiverFort Global Capital, Jubilee Platinum enters into a $50M, 3-year strategic project finance agreement with a syndicate of investors managed by RiverFort Global Capital to expand on its world-leading position in the profitable recovery of metals from mining waste.
The RiverFort syndicate will provide senior-secured (non-equity) asset finance to projects sourced, diligenced and operated by Jubilee Platinum. The funding will allow Jubilee Platinum to accelerate towards unlocking a significant portion of the large global potential that exists in the reprocessing of surface materials.
Benefits of this strategy include (1) a long-term income yield linked to the success of each recovery plant, (2) targeting by each recovery plant of production costs in the lowest quartile on a global basis, reducing the impact of any future market correction and (3) positive environmental benefits of each recovery plant leading to increasing opportunities as regulatory authorities and reputational
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