Black Cat’s Managing Director, Gareth Solly, said:“This new...

Black Cat’s Managing Director, Gareth Solly, said:
“This new funding package, substantially on the same terms as our previous funding package, facilitates the restart of Paulsens in a high gold price environment. The convertible note funds are already being applied to ordering long lead time items and the processing facility refurbishment. Regular updates will continue to be provided on our progress.
We expect to receive a further $6m of funding in May 2024. In the meantime, the parties are confident that the required regulatory approvals can be accelerated given that considerable progress has already been made on that front.
We would like to acknowledge the support of our new proposed shareholder, Sundy, who shares our vision of starting our three operations with strong internal cashflows and ongoing Resource growth. With activity ramping up at Paulsens and a clear plan on funding now in sight, this is an exciting time for Black Cat.”