First Bauxite Corp., a Canadian exploration company which owns three bauxite assets in Guyana, has secured Phase 1 financing from Pacific Road Resource Funds, worth C$8m. (around $6.9m.).
This is a significant step forward for First Bauxite, which, if successful in its attempts to begin bauxite production, would be the only major supplier of refractory grade bauxite not controlled by China (see IM July ’09, p.40: China’s bauxite blockade)....