Business
King Island Scheelite (ASX:KIS) share price explodes 58% higher today // The Motley Fool Australia
The King Island Scheelite Limited (ASX: KIS) share price is roaring 58% higher this morning at 24 cents after the company announced a $10 million loan funding package.
King Island Scheelite’s predominant focus is the redevelopment of the company’s 100% owned Dolphin Tungsten mine located on King Island, Tasmania.
Tasmanian government puts up $10 million, King Island Scheelite share price leaps
In support of the Dolphin Tungsten Project, King Island Scheelite has secured a $10 million loan funding package over a 10-year period from the Tasmanian government.
Loan repayments will be on a monthly basis starting off as interest only. On the first day of the month following the second anniversary of the initial loan drawdown, fixed…
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