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Australian Vanadium Limited (ASX:AVL)

ALERT: Price-sensitive ASX Announcement for AVL
Current share price for AVL : $0.215 0.206 (2,163.16%)+
Announcement
Release
30 Sep 2025 8:57AM
Price at Release
$0.010
Full Release
download
Summary
Australian Vanadium Limited (AVL) has secured a US$10 million loan facility from major shareholder RCF Private Equity Fund I L.P., providing medium-term funding to advance the Australian Vanadium Project and support downstream initiatives. The facility has a 24-month term with a bullet repayment at maturity and an interest rate of 8% plus a 3-month term SOFR. Secured against AVL's assets, the loan imposes a minimum cash balance covenant and includes an establishment fee of 4% of the principal. The funding will aid AVL in preparing for the Western Australian Government's VBESS project in Kalgoorlie and includes issuing unlisted options to RCF PE 1.
Key Points
  • US$10 million secured loan facility agreed with RCF Private Equity Fund I L.P.
  • Loan Facility provides funding for advancing the Australian Vanadium Project and downstream initiatives.
  • Funding supports preparations for the Western Australian Government's VBESS project in Kalgoorlie.
  • The loan has a term of 24 months, with a bullet repayment at maturity.
  • Interest rate set at 8% plus 3-month term SOFR.
  • The loan is secured by all assets of AVL and requires a minimum cash balance covenant.
  • Establishment fee is 4% of the principal, deducted from drawdown proceeds.
  • Unlisted options to be issued to RCF PE 1, equal to 5% of AVL's current issued capital.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.