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Wed Nov 20

High Power Exploration receives a significant equity investment

Written by ACN Newswire - Press Releases
Published in ACN Newswire
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High Power Exploration receives a significant equity investment

LONDON, Nov 20, 2019 - (ACN Newswire) - Eric Finlayson, President of High Power Exploration Inc. ("HPX"), announced today that the Company has closed a US$88 million equity investment from a U.S.-based institutional investor.

The funds received will enable HPX, among other things, to fast-track development of the Nimba iron ore project, located in the Republic of Guinea with a target production of 20 million tonnes per annum of high-grade direct shipping ore with the possibility of further expansion in the future.

Mr. Finlayson said, "This investment underscores not only the high quality of the Nimba project but also the pipeline of world-class projects and opportunities that the HPX management team is working to deliver."

About HPX

HPX is a privately-owned, U.S.-domiciled mineral exploration and development company. For further information, please visit www.hpxploration.com.

Information contactEvan YoungPhone: +1.416.545.5371evanyoung@ivancorp.net

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49908

Copyright 2019 ACN Newswire. All rights reserved. www.acnnewswire.com

Authors: ACN Newswire - Press Releases

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