Endeavor Mine Funding & Offtake Secured
Funds applied to restart of the Endeavor Mine with pre-production capital A$28m and maximum cash drawdown of A$30m1.
- Funds applied to restart of the Endeavor Mine with pre-production capital A$28m and maximum cash drawdown of A$30m1.
- Favourable offtake arrangement with a blended agreement referenced to spot and benchmark terms.
- Following a competitive project funding process, Polymetals Resources Ltd, has entered a binding financing Term Sheet and Concentrate offtake arrangement with global precious and base metal commodities trader, Ocean Partners UK Ltd (OP).
- The financing facility will fund the redevelopment of the Company’s wholly owned Endeavor silver, lead and zinc mine located north of Cobar, NSW, Australia.