Moxico Resources plc announced has entered into an agreement and will receive $50 million (£39.4365 million) on July 2, 2024. The transaction will include participation from new investor, Queen's Road Capital Investment Ltd. The company will issue convertible dentures. The convertible debenture will be matured on 5 year, carry an 11% coupon in that 7.5% payable in cash and 3.5% payable in shares, and will be convertible into common shares at a price of £0.90 per share.

Completion of the investment is subject to receipt of all required regulatory approvals.