Metals X Limited (AU:MLX) has released an update.
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Cyprium Metals Limited has announced an amendment to the terms of its unsecured convertible notes with Metals X, extending the redemption date to December 2028 and adjusting the interest rate to 6%. This strategic move, aimed at refinancing the company’s balance sheet, will provide Cyprium with the flexibility needed to redevelop the Nifty mine, a key asset in their copper-focused portfolio.
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