Sirius Minerals rekindles hope for Yorkshire mega-mine after failed bond issue

Sirius Minerals Aug2019 from corp site 230x150
By Karoliina Liimatainen
11 Nov 2019

UK mining company Sirius Minerals kept the dream alive with a market update on Monday, unveiling discussions with potential investors over a $600m financing package. Sirius’s shares saw a meteoric rise of up to 28% on Monday morning but the initial excitement fizzled out quickly.

Sirius declined to reveal any details of the discussions with the investors, only saying that “various parties” are engaged and assessing the information. No commitments were published on Monday and no comments were made on how advanced the talks are.

The company, which is attempting to ...

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