Group 6 Metals Limited (AU:G6M) has released an update.
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Group 6 Metals Limited has secured an agreement for a significant recapitalization plan to reduce debt and bolster financial stability, enabling crucial upgrades to its processing plant. This strategic move includes debt conversion into shares and changes in leadership, marking a pivotal step towards profitable operations. Existing lenders have been instrumental in this transition, offering support through temporary funding and loan extensions.
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