Polymetals Secures Funding for Endeavor Mine Redevelopment

Polymetals Resources Ltd. (AU:POL) has released an update.

Polymetals Resources Ltd has secured a US$20 million pre-payment loan facility from Ocean Partners to fund the redevelopment of the Endeavor silver zinc lead mine, with anticipated cash flow commencing in the first half of 2025. As part of the agreement, 2.5 million options will be issued, priced at $1.00 per share. The company, focused on achieving its redevelopment goals, is set to become a key player in the mining sector.

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