Terrane Metals Corp. announced Monday that a $40-million credit agreement, being used to support construction at its Mount Milligan mine project in northern B.C., has been extended for one year to May 2011.
The credit facility with the Bank of Montreal - which dates back to 2008 and has been extended several times - is backed by Canadian mining giant Goldcorp, which has a significant share stake in Terrane.
For more, see The Citizen.
