Eurasia Mining (GB:EUA) has released an update.
Eurasia Mining Plc has secured a £2.5 million trade finance loan from Sanderson Capital Partners to bolster working capital and support its operations until September 2025. The loan, which is interest-free and convertible at Sanderson’s discretion, is structured in five tranches with varying conversion premiums and is backed by a pledge of shares from the company’s Chairman, Christian Schaffalitzky. This financial maneuver is aimed at facilitating the company’s immediate cash flow needs and its strategic goal of selling its Russian assets.
For further insights into GB:EUA stock, check out TipRanks’ Stock Analysis page.
