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Day: September 16, 2024

Endeavor Mine Funding & Offtake Secured

Written by Customer Service on . Posted in Public Companies.

Mine restart funding secured and on track to deliver cashflow during H1 2025Endeavor Silver Zinc Mine Cobar NSW AustraliaEndeavor MineSYDNEY, Sept. 16, 2024 (GLOBE NEWSWIRE) — Polymetals Resources Ltd (ASX: POL) (Polymetals or the Company) is pleased to announce it has secured a Pre-payment / Loan facility to fund the Endeavor mine restart along with favourable offtake terms for delivery of zinc and silver-lead concentrates commencing during H1 2025. HIGHLIGHTSUS$20 million (~A$30 million) pre-payment/loan facility secured. Funds applied to restart of the Endeavor Mine with pre-production capital A$28m and maximum cash drawdown of A$30m1. Strategic partnership with global commodity trader Ocean Partners provides flexibility to pursue organic growth in parallel including exploration growth plan and other inorganic opportunities. Mine...

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