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Black Rock Mining Limited (ASX:BKT)

ALERT: Price-sensitive ASX Announcement for BKT
Current share price for BKT : $0.012 0.001 (9.09%)+
Announcement
Release
1 Jul 2026 9:37AM
Price at Release
$0.011
Full Release
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Summary
Black Rock Mining Limited has announced the extension of its US$204 million credit facility agreement until November 2026. The extension, advised by CRDB Bank PLC as the Facility Agent, is expected to give Black Rock sufficient time to complete the equity funding required for the Mahenge Graphite Project in Tanzania. The lending syndicate includes CRDB, the Development Bank of Southern Africa, and the Industrial Development Corporation of South Africa. The debt facility comprises a term loan, revolving credit, cost overrun, and bank guarantee facilities, with interest rates pegged to the Secured Overnight Financing Rate (SOFR) plus varying margins. These facilities are intended to cover construction, corporate costs, and potential cost overruns. The extension aligns with Black Rock's commercial and equity discussions, providing a stable framework to finalize the project's funding package.
Key Points
  • Extension of US$204m debt facility to November 2026.
  • Lending syndicate includes CRDB, DBSA, and IDC.
  • Debt facilities cover construction and operational costs.
  • Interest rates based on SOFR plus a margin.
  • Extension provides time for equity funding for Mahenge 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.