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An update from Metals Exploration ( (GB:MTL) ) is now available.
Metals Exploration PLC has announced an extension of its £5.5 million unsecured bridging term loan facility with Drachs Investments No 3 Limited, with the new maturity date set for 31 March 2025. This extension, considered a related party transaction under the AIM Rules due to Drachs’ substantial shareholding in the company, has been deemed fair and reasonable by the company’s independent directors after consultation with their nominated adviser.
More about Metals Exploration
YTD Price Performance: -6.92%
Average Trading Volume: 3,054,713
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £130.5M
See more insights into MTL stock on TipRanks’ Stock Analysis page.