Polymetals Resources Ltd. (AU:POL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Polymetals Resources Ltd has secured a US$20 million pre-payment loan facility from Ocean Partners to fund the redevelopment of the Endeavor silver zinc lead mine, with anticipated cash flow commencing in the first half of 2025. As part of the agreement, 2.5 million options will be issued, priced at $1.00 per share. The company, focused on achieving its redevelopment goals, is set to become a key player in the mining sector.
For further insights into AU:POL stock, check out TipRanks’ Stock Analysis page.