Metalla Enhances Financial Position with Strategic Conversion and Debt Repayment

Metalla Royalty & Streaming ( (TSE:MTA) ) just unveiled an update.

Metalla Royalty & Streaming Ltd. has announced a series of financial maneuvers including the conversion of C$1.5 million of Beedie Capital’s accrued interest into shares, thereby increasing Beedie’s equity stake to approximately 10.3%. Additionally, Metalla has repaid C$2 million to Beedie, reducing its outstanding debt under the loan facility to C$16.4 million. The company also completed its annual equity grant, issuing restricted share units and stock options to its team, which may influence employee retention and incentivization. These strategic financial actions reflect Metalla’s ongoing efforts to strengthen its financial position and operational flexibility, potentially enhancing its market standing and investor confidence.

More about Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd. is a company focused on royalty and streaming services with leveraged exposure to precious metals such as gold, silver, and copper. The company operates primarily in North America, South America, and Australia, and is recognized for its strong growth profile and experienced management team.

YTD Price Performance: 15.38%

Average Trading Volume: 351,235

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $288.7M

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