Aurelia Metals (ASX:AMI) has secured funding of $140M for the Federation Base Metals Project in Australia of which construction will begin in June.

The company said around $73M of the funding comes from senior secured facilities and the rest from a fully underwritten equity raising at $0.9 a share.

Aurelia Metals also announced its has appointed Bryan Quinn as its new Managing Director and CEO, starting on 6 June 2023.

The company said Mr Quinn joins them from OZ Minerals and has previously spent over 27 years with BHP in various senior executive roles.