Moab Minerals Bolsters Capital with $750K Loan

Delecta Limited (AU:MOM) has released an update.

Moab Minerals Limited has secured a $750,000 short-term unsecured loan from Goldshore Investments, related to its Managing Director, to boost its working capital. The loan, bearing a 10% annual interest rate, is due by March 2025 without the option for conversion into company shares. This financial move comes as Moab, an exploration firm with a diverse project portfolio and interests in lithium and gold, aims to strengthen its position in the market.

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