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The latest announcement is out from Andromeda Metals Limited ( (AU:ADN) ).
Andromeda Metals Limited has secured a credit approval for a A$75 million debt facility from Merricks Capital to advance its Great White Project. This financial endorsement follows extensive due diligence and marks a critical milestone for the project’s Stage 1A+ development. The facility, which includes various financial terms and conditions, will aid in project development, with Andromeda now working towards finalizing the necessary documentation for execution and drawdown. This development is a testament to the project’s quality and the company’s commitment to securing further funding opportunities.
More about Andromeda Metals Limited
Andromeda Metals Limited is a company operating in the industrial minerals sector, focusing on the development of mineral projects. The company’s primary market focus is on the Great White Project, which is a significant development in their portfolio.
Average Trading Volume: 24,311,011
Technical Sentiment Signal: Sell
Current Market Cap: A$41.92M
For a thorough assessment of ADN stock, go to TipRanks’ Stock Analysis page.