29metals Ltd. (AU:29M) has released an update.
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29Metals Ltd. is undertaking a $180 million equity raising to refinance its debt and fund the development of the Gossan Valley mining project. This financial move aims to reduce senior debt by $28 million and extend debt maturities to 2028, improving liquidity and supporting production flexibility. The initiative highlights 29Metals’ strategic focus on enhancing its mining operations and financial stability.
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