Tharisa raises funds for Karo project

Platinum group metals (PGMs) and chrome miner Tharisa has received applications from investors wanting to subscribe for notes totalling $31.8-million.

Tharisa’s Karo Mining Holdings subsidiary previously launched a fixed-income note offer to raise $50-million.

The proceeds raised will be applied to part fund the Karo platinum project – a development-stage, low-cost, openpit PGMs asset located on the Great Dyke, in Zimbabwe.