KARO Mining House (KMH) is on the brink of securing a US$225 million in debt financing, marking a significant step towards the development of its strategic platinum project located in Zimbabwe’s Great Dyke.
This financial backing is expected to expedite the company’s efforts in establishing a strong foothold in the platinum sector.
In a statement accompanying the financial results for the year ended September 30, 2024, company director Bernard Pryor noted that the management team is in the “final stages of securing US$225 million in funding with plans to raise another US$31,20 million through an equity partner.