Sandfire Resources America (TSE:SFR) has released an update.
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Sandfire Resources America has expanded its bridge loan agreement to increase the borrowing capacity from $40 million to $50 million, providing more financial flexibility for the company. This strategic move, backed by its major shareholder Sandfire BC Holdings, is expected to support the company’s ongoing projects without issuing new securities.
For further insights into TSE:SFR stock, check out TipRanks’ Stock Analysis page.