Northern Vertex Mining obtained credit approval from Macquarie Bank for a project finance facility of up to $20 million to be used to fund development costs of the company’s Moss Gold-Silver project in Arizona.

The Macquarie facility is in addition to a separate and complementary equipment finance facility of up to $6.5 million, to be negotiated with arms-length third parties in parallel with the Macquarie facility. The Macquarie facility and the equipment facility would together provide up to $26.5 million towards the estimated pre-production capital and financing costs of the $33.0 million required to construct the company’s Moss Mine site.

“Macquarie credit approval is yet another key milestone in getting our Moss Gold-Silver project financed and built,” said Dick Whittington, president and CEO. “Credit approval of the Macquarie facility provides a strong vote of confidence in the Moss Mine project for our shareholders and our host communities in Arizona. This is a major step forward for the company as we seek to advance the Moss Mine project to production.”