middle.news
Orion moves Prieska closer to construction after Glencore funding clears
11:56am on Thursday 29th of October, 2026 AEDT
•
Mining
Read Story
Orion moves Prieska closer to construction after Glencore funding clears
11:56am on Thursday 29th of October, 2026 AEDT
Key Points
US$40 million Glencore Tranche A financing became unconditional after quarter-end
First drawdown expected in early November, with Uppers Mine works targeted for December
Full construction is scheduled to begin in January 2027
September-quarter cash fell to A$9.62 million, equivalent to 2.21 quarters of funding on current outgoings
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Orion Minerals (ASX:ORN)
OPEN ARTICLE