Unicorn Mineral Resources Plc (LSE:UMR) has announced the formal execution of a £1.25 million unsecured loan facility with Electro Automation (Group) Limited, a company controlled by Chairman Paddy Doherty.
The funding represents a significant milestone for the company, providing the capital required to complete the proposed acquisition of the Klein Aub Copper Mine in Namibia and advance its initial development plans. The facility also demonstrates the continued support of the company's Chairman as Unicorn progresses its growth strategy.
