IBC Advanced Alloys (TSE:IB) has released an update.
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IBC Advanced Alloys Corp. has successfully completed a sale leaseback transaction with Flatbay Properties LLC, involving their Franklin, Indiana property for US$3,850,000. The deal provides the company with approximately US$485,000 in working capital after repaying a secured term loan. This strategic financial move allows IBC to leverage its assets while retaining operational control of the property until at least April 2029.
For further insights into TSE:IB stock, check out TipRanks’ Stock Analysis page.
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