Caledonia Mining (CMCL) said Tuesday it has signed an "at the market" sales agreement with Cantor Fitzgerald to sell up to $50 million worth of its shares from time to time.
The company intends to use the net proceeds to invest in the development of the Bilboes sulphide project, Caledonia Mining added.
Additionally, Caledonia said it plans to report a new feasibility study for the project in Q1 next year.
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