This morning, Zanaga (AIM: ZIOC) announced that a western backed development finance institution (DFI) has issued a letter of intent (LOI) for up to U$500m for the Zanaga Iron Ore Project. Red Arc Minerals (RAM) and Zanaga have also extended the timetable for completion of their strategic transaction to 30 November 2026 (previously July 2026) to allow additional time to align objectives. While the LOI is not binding, it demonstrates significant progress in financing the project and highlights st ....
