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Catalyst Metals Secures A$100 Million Credit Facility to Boost Growth

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Catalyst Metals Secures A$100 Million Credit Facility to Boost Growth

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Catalyst Metals Limited ( (AU:CYL) ) has issued an update.

Catalyst Metals Limited has secured a three-year, A$100 million revolving credit facility from a syndicate of lenders including Westpac, National Australia Bank, and Societe Generale. This facility, along with a recent A$150 million placement and strong cash reserves, positions Catalyst well financially, enhancing its balance sheet and providing flexibility for growth. The credit facility underscores the company’s creditworthiness and strengthens its financial relationships, supporting its plans to expand mining operations and improve production efficiency.

The most recent analyst rating on (AU:CYL) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Catalyst Metals Limited stock, see the AU:CYL Stock Forecast page.

More about Catalyst Metals Limited

Catalyst Metals Limited is a mining company primarily focused on gold exploration and production. Its flagship asset is the Plutonic Gold Belt in Central Western Australia, which includes the Plutonic Gold Mine producing 85,000 ounces per annum. Catalyst is also involved in developing new mining areas and has significant exploration interests near the historic Bendigo goldfield.

Average Trading Volume: 2,093,001

Technical Sentiment Signal: Buy

Current Market Cap: A$1.27B

Learn more about CYL stock on TipRanks’ Stock Analysis page.

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