Solgold (OTC) (GB:SOLG) has released an update.
SolGold plc has reported promising financial developments, including ongoing discussions for a substantial long-term financing package for the Cascabel Project, which would significantly fund its initial capital development costs. Additionally, the company has secured a $10 million loan facility to support current operations and provide flexibility until the larger financing deal is finalized. While these advancements signal confidence in the project’s potential, the company notes that the financing agreement is not yet guaranteed and is subject to further negotiations and conditions.
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