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The Walkabout Resources (ASX:WKT) share price is rocketing today, up 44%




The Walkabout Resources (ASX: WKT) share price is shooting up today after the company announced a US$20 million project debt facility.

The debt facility secured with CRDB Bank of Tanzania was the final step needed before beginning construction on the Lindi Jumbo Graphite Project.

At the time of writing, the Walkabout Resources share price is trading at 26 cents, up a monster 44% from yesterday’s closing price of 18 cents.

Let’s look closer at the company’s announcement this morning.

Lindi Jumbo Graphite Mine

Securing the debt facility was the final hurdle before construction of the Lindi Jumbo Graphite Project could begin. The Lindi Jumbo is owned by Walkabout’s wholly-owned subsidiary, Lindi Jumbo Limited.

The company said…

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