Adriatic Metals PLC (ASX:ADT) Finalises Prepayment Agreement
Prepayment Agreement Completed
Adriatic Metals PLC has successfully executed and closed a US$25 million concentrate prepayment agreement with Trafigura. The funds have been fully drawn down, strengthening the company’s cash position. This agreement was previously announced on 12 December 2024.
CEO Comments
Laura Tyler, Managing Director and CEO of Adriatic, expressed satisfaction with the arrangement. “We are pleased to have bolstered our cash position through this concentrate prepayment arrangement with Trafigura, including competitive offtake terms that take advantage of the positive market conditions for base and precious metal concentrates,” she stated.
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