Bens Creek Group PLC (AIM:BEN, OTC:BENCF), the coal mining group, confirmed it has spent US$8.75 million of its working capital facility as it continues to ramp up its operations.
Further to an update on March 6 2024, the group has now drawn down US$7.5 million of its working capital facility, which is provided by Avani Resources.
As part of the funding, Bens Creek has also received an additional US$1.25 million as part of the discretionary component of the funding package.
It is left with US$1.25 million which is undrawn.