Melior Resources Inc. today confirms that it has signed and closed a loan agreement with Pala Investments Limited which replaces the two loan facilities currently in place with Pala with one consolidated facility . The new arrangement increases balance sheet flexibility and reduces the cost of debt for the Company as it progresses towards the start [...]
TORONTO, Aug. 03, 2018 -- Melior Resources Inc. today updated the market about the progress being made at its Goondicum Ilmenite Project towards the commencement of production. Project Completion Status newly installed lime storage silo installation of the ROM drive over unit progressing installation of the WHIMS wash water tank and pump WCP roof [...]
TORONTO, July 24, 2018 -- Melior Resources Inc. today announces that it has agreed with Pala Investments Limited to restructure the two loan facilities currently in place with Pala into one new consolidated loan facility which will increase balance sheet flexibility and reduce the cost of debt for the Company as it progresses toward production at [...]
elior Resources announces that the Board has approved the issuance of 125,000 options to Mr. George Lloyd following his recent appointment as Non-Executive Director of Melior. The options will be issued under Melior’s existing Employee Stock Option Plan and have a term of 3 years and a strike price of CAD$0.80/share, being the closing price [...]
TORONTO, July 03, 2018 -- Melior Resources Inc. today issued a Notice of Record and Meeting Date for a Special Meeting of shareholders to be held on Wednesday, 29 August 2018 at 10am . The Meeting will take place at the offices of Wildeboer Dellelce LLP, Suite 800, 365 Bay Street, Toronto, Ontario. The purpose of the Meeting will be for [...]
TORONTO, June 22, 2018 -- Melior Resources Inc. today announced that Mr. George Lloyd would be joining the board as an independent non-executive director. Mr. Lloyd is an experienced corporate finance adviser and has served as a director of a number of listed and unlisted companies in the minerals, energy and engineering services sectors. His board [...]
TORONTO, June 15, 2018 -- Melior Resources Inc. is pleased to announce that today, the Company has given effect to the previously announced consolidation of the common shares in the capital of the Company at a ratio of ten pre-Consolidation Common Shares for one post-Consolidation Common Share . The trading of the Common Shares will commence on a [...]
TORONTO, May 29, 2018 -- Melior Resources Inc. today provided details about construction and development progress at its Goondicum Ilmenite Project. Project Scope & Description On 9 April 2018, Melior announced the commencement of work on the Goondicum restart project having procured US$12.25 million of debt facilities. Work commenced shortly [...]
Melior Resources is pleased to announce that its board of directors has approved a consolidation of the common shares in the capital of the Company at a ratio of ten pre-Consolidation Common Shares for one post-Consolidation Common Share. Subject to the approval of the TSX Venture Exchange, the Company anticipates that the Consolidation will take [...]
TORONTO, April 20, 2018 -- Melior Resources Inc. announced today that it has received an updated resource report and a preliminary economic assessment on its Goondicum Project covering ML80044 and MDL2007. The PEA was independently prepared by TZ Minerals International Pty Ltd in accordance with the guidelines of the Canadian National Instrument [...]
Melior Resources is pleased to announce the restart of the Goondicum Mine following the closing of its US$5.0M loan agreement with Hainan Wensheng High Tech Materials Co. Ltd. and its subsequent receipt of the first US$2.5M drawdown pursuant thereof, in addition to the closing of the previously announced US$7.25M debt facility with Pala Investments [...]
TORONTO, April 10, 2018 -- Melior Resources Inc. announced today that it has completed and executed the previously announced US$5 million loan agreement and 600,000 tonne, six-year ilmenite off-take agreement with Hainan Wensheng High Tech Materials Co. Ltd , a leading Chinese producer of zircon, ilmenite and rutile products. In conjunction with [...]