Despite the difficult economic environment, the capital markets team at law firm Gowling WLG has advised on a duo of mining deals in the last week. Dual listed Pyx Resources (LSE/NSX), a producer of premium zircon in Indonesia, has secured a £20 million investment commitment from alternative investment firm GGY Global Yield LLC SCS (GEM), while dual listed Horizonte Minerals (AIM/TSX), has conditionally raised US$80 million of funding for the further development of its Araguaia nickel project in Brazil.
The team from Gowling WLG that provided advice to each company on their respective fundings consisted of corporate partner Charles Bond, legal director Sue Johnston, principal associate Alex Davidson, and associates Helena David and Anna Samokhina.
Commenting, Charles Bond said:
"It has been a pleasure to play a part in helping two existing clients raise funds in challenging markets, and we are delighted that this will help them progress their respective projects. The raises go to show the market's continued confidence in the overwhelming requirement for critical minerals in the global energy transition."
With offices across Canada, the UK, Europe, Russia, Asia and the Middle East - as well as an established network of professionals in South Africa, Australia and South America – Gowling WLG utilises its understanding of local markets to navigate issues across multiple jurisdictions. Armed with deep industry knowledge, our mining lawyers deliver sophisticated solutions tailored to the commercial and practical realities of your business. Our sector-focused advice covers all areas of corporate and financial law, commercial law and the various forms of dispute resolution.