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Boab Metals Ltd ( (AU:BML) ) has provided an update.
Boab Metals Limited has secured a binding commitment for a A$236 million debt facility from Merricks Capital and Davidson Kempner to fund the development of its Sorby Hills Project in Western Australia. This clean debt structure, which avoids shareholder dilution, marks a significant milestone for the company, enabling it to proceed with project execution activities and maintain full exposure to potential silver price increases. The company plans to make a Final Investment Decision in Q4 2025, with the first drawdown of the facility expected in the second half of 2026, indicating a strategic step forward in its project timeline.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
More about Boab Metals Ltd
Boab Metals Limited is a company operating in the mining industry, focusing on the development of silver and lead projects. Its primary market focus is the Sorby Hills Silver-Lead Project located in Western Australia.
Average Trading Volume: 2,353,583
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$113.8M
For a thorough assessment of BML stock, go to TipRanks’ Stock Analysis page.