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Polymetals Resources Ltd (ASX:POL)
ALERT: Price-sensitive ASX Announcement for POL
Current share price for POL : $0.800 -0.14 (-14.89%)+
Announcement
Release
28 Nov 2025 8:42AM
Price at Release
$0.940
Full Release
Summary
Polymetals Resources Ltd has secured additional working capital facilities for the Endeavor Mine project. Ocean Partners has extended a US$10 million bridging facility, while the Sproule family provided a 12-month, A$5 million loan at nil interest. Additionally, Ocean Partners has exercised 1.25 million options at A$1.00/share. The Endeavor Mine has resumed production after an unintended detonation incident, with ongoing investigations. The support from Ocean Partners strengthens Polymetals' operations and aligns with their project goals. The company is committed to supporting its employees and stakeholders during this phase.
Key Points
- Ocean Partners offers an additional US$10 million bridging facility.
- A$5 million, nil interest loan facility provided by the Chairman.
- Ocean Partners exercises 1.25 million options at A$1.00/share.
- Endeavor Mine resumes production with ongoing investigations.
- Support from Ocean Partners aligns with company goals.
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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