FinTechFunding

Sheffield Resources: Secures US$110m funding for Thunderbird, WA

Sheffield Resources Secures US$110m funding for Thunderbird, WA

  • Sheffield Resources (SFX) completes the financing requirements for its Thunderbird mineral sands project in Western Australia
  • The company secured a US$110 million (A$170.6 million) production linked facility with the Orion Mineral Royalty Fund which follows a $160 million debt financing package
  • Additionally, Sheffield awarded a long-term contract to Piacentini & Son to supply and operate a mining unit plant for Thunderbird
  • Currently, construction activities at the project are over 40 per cent complete and first production is scheduled for Q1 2024
  • Company shares are up 12.5 per cent and trading at 45 cents at 2:57 pm AEDT
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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