Myanmar Metals said it planned to sell its 51% stake in Bawdwin silver, lead, and zinc project in Myanmar, citing difficulties in securing financing for the $300 million project after a coup led to social unrest earlier this year, mining.com reported.

“It is the board’s view that the procurement of project finance in the near term by the company would be extremely problematic and realistically unlikely,” Australian-based Myanmar Metals said.

Ever since the coup this February, all parties that had shown interest in financing the project in the Shan State of Myanmar have withdrawn, the company said, adding that it will lose almost all of its A$11.4 million of cash reserves in less than a year if it were to stay involved with the Bawdwin project.