Labrador Iron Mines Holdings Ltd (LBRMF)

[Steve P]

ANGLESEY MINING PLC - Labrador Iron Mines Annual Results, Plans for HoustonHouston Funding

In order to fund its planned near-term initiatives, the Company plans to complete a working capital financing of approximately $2.5-$5 million. The Company is exploring various working capital financing alternatives including a potential private placement of equity. Various future construction financing alternatives being considered for 2022 include, without limitation, an advance payment component of an off-take contract, equipment leasing arrangement(s), potential project partners, potential government funding and potential equity financing.

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