Polymetals Resources Ltd. (AU:POL) has released an update.
Polymetals Resources Ltd has announced the successful procurement of a US$20 million loan facility to fund the restart of the Endeavor Mine, with plans for zinc and silver-lead concentrate production to commence in the first half of 2025. A strategic partnership with Ocean Partners UK Ltd will provide the necessary capital for the mine’s redevelopment, enhancing the company’s growth and exploration potential. The deal ensures the Endeavor Mine’s path to production, with the company focused on delivering cash flow and value to shareholders and the Cobar community.
For further insights into AU:POL stock, check out TipRanks’ Stock Analysis page.
