Jubilee’s shares rise as it secures funding to advance metals recovery strategy

The share price of dual-listed Jubilee Platinum rose by as much as 9.23% on the JSE on Thursday morning, after announcing it had secured $50-million in project funding to support the growth strategy for its metals recovery business. The company has executed a funding agreement with RiverFort Capital Group, with the funding structure modelled on Jubilee’s successful Hernic platinum and chrome recovery project, which was also financed through RiverFort.