Andromeda Metals Secures Key Agreements and Funding

Andromeda Metals Limited (AU:ADN) has released an update.

Andromeda Metals Limited has made significant strides in advancing the Great White Project by securing a binding offtake agreement with Traxys Europe S.A., covering up to 50% of production for ceramics and concrete applications. The company also raised approximately $3.82 million to support the project’s funding process, which aims to secure financing for a final investment decision. Additionally, Andromeda received an Advance Finding from the Australian Government, allowing it to claim tax offsets on eligible expenditure.

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