CEO Brett Heath commented, “Q2 of 2025 marked another important milestone in Metalla’s growth, highlighted by the successful closing of our inaugural revolving credit facility and recommissioning of the Endeavor Mine. The facility lowers our cost of capital and materially enhances our financial flexibility to continue scaling our business. We are also pleased that, in its first month of production, the Endeavor Mine has achieved its operating costs targets while producing 5,398 dry metric tons of silver-lead concentrate in July. We anticipate our first cash flows in the third quarter. Further and subsequent to quarter end, we are delighted to see Hudbay’s joint venture announcement for a 30% interest in Copper World by Mitsubishi Corporation and Equinox Gold’s announcement that Castle Mountain has been accepted into the United States Federal Permitting Improvement Steering Council’s FAST-41 Program as we believe both updates are key to progressing these assets to a construction decision.”
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