Atlantis Resources’ financing for MeyGen

From Proactive Investors – Shares in Atlantis Resources (LON:ARL) surged over 10% in early deals on Friday after it emerged the group had agreed a more than £50mln funding package for the first phase of its MeyGen project in Scotland Pentland Firth.

The project is set to be the globe’s largest tidal energy operation, and the total package – a combination of equity, debt and grant, will exceed £50 mln, the company told an after statement after the market close on Thursday (Aug 21).

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