Errol Smart at the listing of Orion Minerals on the JSE.

Orion Minerals, a junior miner and developer of copper projects in the Northern Cape, has announced a deal to secure as much as R880 million in funding, bringing its total funding deals to almost R2.5 billion – more than double its R900 million market cap.

It’s an impressive feat for a junior miner in South Africa, where funding has proven increasingly hard to come by, not to mention obtaining it at reasonable rates.

Orion CEO Errol Smart described the development as a “game-changer”, which has put the company in a “strong position to realise our growth vision as a major new South African base metals producer”.