Business
Why the BCI Minerals (ASX:BCI) share price reached a multi-year high today
The BCI Minerals Ltd (ASX: BCI) share price has surged higher today. This came after the company announced the approval of a loan for its Mardie Salt & Potash Project. During morning trade, the BCI Minerals share price reached a multi-year high of 30.5 cents. By the market’s close, the company’s shares had slightly retraced back to 30 cents, up 7.1% for the day.
What’s driving the BCI Minerals share price higher?
The BCI Minerals share price was on the move today after investors digested the company’s positive announcement.
According to BCI Minerals, the Northern Australia Infrastructure Facility (NAIF) board has approved a $450 million loan facility for the company’s Mardie Salt & Potash Project.
The agreement follows 18…
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