Athabasca Minerals (TSE:AMI) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Athabasca Minerals Inc. has received court approval for a stay extension until April 22, 2024, to facilitate its restructuring efforts, including securing CAD $5.3 million in new interim financing from Badger Mining Corporation. This financing will repay an earlier CAD $2.85 million loan and cover ongoing expenses while the company finalizes a sale transaction with Badger. The company remains focused on its sale and investment solicitation process to achieve a favorable outcome for stakeholders.
For further insights into TSE:AMI stock, check out TipRanks’ Stock Analysis page.