Genmin Secures A$2.0 Million Loan to Support Baniaka Project
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Genmin Ltd. has secured a A$2.0 million unsecured loan from Injiview Pty Ltd to support its Baniaka iron ore project in Gabon. The loan, accruing 12% interest and repayable by June 2026, will aid in general working capital and project funding. Genmin aims to develop Baniaka into Gabon’s first commercial iron ore mine, with production expected to start by late 2026. The company holds 100% interests in three projects in Gabon and has a current market cap of A$30.17M.
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