Adriatic Metals PLC Prepayment Agreement Closed

RNS Number : 6458T

Adriatic Metals PLC

16 January 2025

 

 

 

4 January 2025

4 January 2025

16 January 2025

 

PREPAYMENT AGREEMENT CLOSED

 

Adriatic Metals PLC ("Adriatic" or the "Company") is pleased to report that the binding agreement for the US$25m concentrate prepayment arrangement with Trafigura, previously announced on 12 December 2024, has been executed and closed with funds drawn down. The material terms of the prepayment agreement are as described in the previous announcement.

 

 

Laura Tyler, Managing Director & CEO of Adriatic, commented:

 

"We are pleased to have bolstered our cash position through this concentrate prepayment arrangement with Trafigura, including competitive offtake terms that take advantage of the positive market conditions for base and precious metal concentrates."

 

-ends-

 

Authorised by Laura Tyler, CEO and Managing Director of Adriatic Metals.

For further information please visit: www.adriaticmetals.com; email: [e-mail], @AdriaticMetals on Twitter; or contact:

 

Adriatic Metals PLC
Klara Kaczmarek GM - Corporate Development	Tel: [phone] [e-mail]
Burson Buchanan	Tel: [phone]
Bobby Morse /  Oonagh Reidy	[e-mail]
Morgans Corporate Limited
Rob Douglas / Sam Warriner / Mitch Duffy	Tel: [phone]
RBC Capital Markets
Farid Dadashev / James Agnew / Jamil Miah	Tel: [phone]
Stifel Nicolaus Europe Limited
Ashton Clanfield / Callum Stewart / Varun Talwar	Tel: [phone]
Morrow Sodali
Cameron Gilenko	Tel: [phone]

 

 

MARKET ABUSE REGULATION DISCLOSURE

The information contained within this announcement is deemed by the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside ‎information for the purpose of Article 7 of EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) ACT 2018, as amended. The person ‎responsible for arranging and authorising the release of this announcement on behalf of the Company is Laura Tyler, CEO and Managing Director.

 

 

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