Emerita Resources completes Nebari facility upsizing

Emerita Resources (EMOTF) announces that the amended credit agreement with Nebari Natural Resources Credit Fund II pursuant to which a fourth tranche of $35,000,000 will be made available as a standby loan to the Company has been approved by the TSX Venture Exchange. Nebari has agreed to waive its entitlement to receive Emerita common share purchase warrants in connection with the Upsized Loan. David Gower, P.Geo., CEO of Emerita, commented: “We are excited to be advancing the IBW project through permitting and prefeasibility and driving diligently towards a production decision. Technical results at the project, including from ongoing drilling at El Cura deposit and metallurgical advancements along with strong metal prices for all of the commodities expected to be produced are further enhancing the project’s potential. We are very grateful to have a partnership with Nebari in supporting the development plans for a modern and sustainably developed mine at IBW.”