MC Mining Ltd (AU:MCM) has released an update.
MC Mining Ltd has secured a A$1.0 million loan facility from Eagle Canyon International Group Holding, which is available until June 2025 and carries an interest rate of 6.25% plus a 3% margin. The unsecured loan, approved by the interim Managing Director and CEO, Christine He, will be used for general working capital and to support the development of MC Mining’s key coal projects. This strategic financing reflects shareholder commitment and aims to stabilize the company’s liquidity during the ongoing assessment of operational and overhead costs.
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