Erdene Secures Debt Financing for Bayan Khundii Gold Project From Strategic Partner

HALIFAX, Nova Scotia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce the execution of debt finance agreements for up to US$80 million with Mongolian Mining Corporation (“MMC”) to fund construction of the high-grade, open-pit Bayan Khundii Gold Project (“Bayan Khundii”, “BK” or "Project”) in southwestern Mongolia.

Read more at globenewswire.com