Deep Source Clarifies Funding and JV Structure for Vanadium Project and Indonesian Mining Expansion
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Deep Source Holdings Limited has clarified its funding and joint venture structure for the Bella Bella Vanadium Project. The company confirmed its borrower has acquired the target company and is seeking regulatory approval to sell a 40% stake to Deep Source, offsetting a US$6 million loan. Regardless of approval, they will proceed with joint venture arrangements. The company also provided an update on its financial position, earmarking funds for Indonesian mining acquisitions and a new office in Hong Kong. The latest analyst rating for Theme International Holdings Limited (HK:0990) is a Hold with a price target of HK$0.89.
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