Emerita Resources (TSE:EMO) has released an update.
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Emerita Resources secures a $15 million loan from Nebari Resources to further develop its IBW Project amid a tough market for raising equity. This strategic financial move allows the company to sustain progress on its Spanish mining projects without diluting shareholder value. The loan will be disbursed in three segments, with discretionary drawdowns, enabling Emerita to focus on upcoming milestones expected to enhance shareholder returns.
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