Fladgate LLP has advised AIM listed Tri-Star Resources plc on its US$6m investment, via a mezzanine loan, to Omani company Strategic & Precious Metals Processing LLC (SPMP). The investment is to assist SPMP with further development of the Oman Antimony Roaster Project, an antimony and gold production facility, which is located in Sohar, Sultanate of Oman. Tri-Star has a 40% equity interest in SPMP. Tri-Star Resources is a technology and mineral processing company engaged in the exploration, mining and downstream value added processing for a minor metal, antimony.
Tri-Star Resources was advised by capital markets partner David Robinson, assisted by senior associate Zehra Kofturcu.
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