Andromeda Metals Limited (ASX:ADN) Enters Exclusive Negotiations for A$75M Debt Financing
Financing Agreement
Andromeda Metals Limited has entered exclusive negotiations with Merricks Capital for a debt project financing facility up to A$75 million.
Project Funding Progress
The negotiations mark significant progress in funding the Stage 1A+ development of the Great White Project, with final due diligence and term agreements underway.
Executive Comments
Sarah Clarke, Andromeda’s Acting Chief Executive Officer said: “The entry into exclusive negotiations with Merricks Capital, following detailed due diligence investigations, represents significant progress for the financing of Stage 1A+. The Company continues to make steady progress in its Stage 1A+ project funding process to support a final investment decision for the Great White Project.”
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