Andromeda Metals Advances Project Financing

Andromeda Metals Limited (AU:ADN) has released an update.

Andromeda Metals Limited has made significant progress in securing funding for its Great White Project, aiming for a $90 million investment excluding financing costs. The company is exploring a mix of debt and equity financing options, including engaging with potential debt financiers and appointing Azure Capital to attract cornerstone equity investors. With key elements such as binding offtake agreements in place, Andromeda is optimistic about reaching a final investment decision soon.

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