GME Resources Limited (AU:AXN) has released an update.
Alliance Nickel Limited has secured an A$4 million unsecured loan facility from Zeta Resources, a major shareholder, to fund the completion of the NiWest Project Definitive Feasibility Study and other key developments. The favorable loan terms will bridge financing gaps as Alliance engages in strategic partnership negotiations, with a focus on advancing its nickel and cobalt project for the burgeoning electric vehicle market. The deal includes the grant of options to Zeta Resources, contingent upon shareholder approval, to further cement the financial collaboration.
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