Horseshoe Metals Secures $4 Million Convertible Loan for Project Development

Horseshoe Metals Limited ( (AU:HOR) ) has provided an update.

Horseshoe Metals Limited has announced a secured convertible loan agreement with Obsidian Metals Group Pty Ltd, providing a loan facility of up to $4 million. This funding will support the company’s operational needs, including the development of the Horseshoe Lights project, repayment of existing debt, and general working capital, potentially impacting its financial stability and market positioning.

More about Horseshoe Metals Limited

Horseshoe Metals Limited operates in the mining industry, focusing on the development and exploration of mineral resources. The company is primarily involved in the production and sale of copper and gold, with a specific market focus on the Horseshoe Lights project.

Technical Sentiment Signal: Strong Buy

Current Market Cap: €5.47M

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