Sandfire Resources America (TSE:SFR) has released an update.
Sandfire Resources America Inc. has announced an agreement to increase its bridge loan capacity from US$32.0 million to US$40.0 million and extend the loan’s maturity date from June 30, 2024, to June 30, 2025. This agreement, made with its largest shareholder, Sandfire BC, and subsidiary Tintina Montana, maintains the original terms while offering additional financial flexibility to the company. The company aims to secure further funding to execute its operational plans, although this is subject to regulatory approvals and other financing conditions.
For further insights into TSE:SFR stock, check out TipRanks’ Stock Analysis page.
