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Tharisa ( (GB:THS) ) has issued an announcement.
Tharisa has secured enhanced unsecured, revolving trade finance facilities totalling up to US$60 million from HSBC and Absa, replacing more onerous traditional arrangements and providing both pre- and post-shipment finance. The new facilities, centred on optimising chrome trade flows, are intended to improve working capital efficiency, strengthen balance sheet resilience, and expand the group’s global trading flexibility.
Management says the upgraded banking arrangements support Tharisa’s capital allocation priorities by maintaining robust liquidity, backing the ramp-up of growth initiatives, and underpinning continued shareholder returns. By bolstering its trade finance structure while deepening ties with existing lenders, the company aims to sharpen its competitive position in chrome marketing and sales and unlock further value from its global trading operations.
The most recent analyst rating on (GB:THS) stock is a Buy with a £210.00 price target. To see the full list of analyst forecasts on Tharisa stock, see the GB:THS Stock Forecast page.
More about Tharisa
Tharisa is an integrated mining and metals group focused on platinum group metals and chrome concentrates, operating across exploration, mining, processing, beneficiation, marketing, sales, and logistics. Listed in Johannesburg and London, it runs the low-cost, multigenerational Tharisa Mine in South Africa and is developing the Karo Platinum Project in Zimbabwe, while also investing in downstream alloy production and iron-chromium redox flow battery technology to support the energy transition.
Average Trading Volume: 560,327
Technical Sentiment Signal: Buy
Current Market Cap: £294.3M
See more insights into THS stock on TipRanks’ Stock Analysis page.