Meridian Mining Secures CAD 10 Million for 2025 Expansion Plans

Meridian Mining UK S has announced a fully subscribed CAD 10 million non-brokered private placement financing. This financing was made possible by a strategic investment from a European investor, increasing their ownership to 12.1%. The funds will propel the development of the Cabaçal Au-Cu-Ag project in Brazil, slated as a significant copper-gold producer by 2025.

The capital will support Meridian in advancing the Pre-Feasibility Study (PFS) of the Cabaçal project, scheduled for completion by Q1 2025. This study aims to confirm the project's potential by increasing geological and resource certainty. Moreover, additional investments will focus on drilling and exploration at Santa Helena.

The broader Cabaçal VMS Belt exploration plans include assessing new high-grade gold-silver mineralizations in Santa Helena. This aligns with Meridian's vision to develop multiple mining resources along the Belt. The CAD 10 million financing solidifies Meridian's capital position for the anticipated feasibility study and further resource development.