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Alliance Nickel Limited (ASX:AXN)
ALERT: Price-sensitive ASX Announcement for AXN
Current share price for AXN : $0.035 0.005 (16.67%)+
Announcement
Release
25 Jun 2026 8:31AM
Price at Release
$0.030
Full Release
Summary
Alliance Nickel Limited, trading as ASX:AXN, announced the extension of their existing unsecured loans amounting to A$5.2 million to 30 June 2027, with the interest rate increased from 12% to 13%, while capitalizing the interest until maturity. This move is part of their strategy to secure continuous funding as they engage in strategic discussions with multiple potential partners, reflecting strong confidence from lenders in the company and its NiWest Project. This announcement was authorized for release by the Board of Alliance Nickel Limited.
Key Points
- Existing A$5.2 million in unsecured loans extended to 30 June 2027
- Interest on these loans capitalized until maturity
- Interest rate increased from 12% to 13%
- Loans provide ongoing funding for strategic discussions with potential partners
- The extension signifies lender confidence in Alliance Nickel and the NiWest Project
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.
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