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16 Jan 2025 13:50
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."
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Authorised by Laura Tyler, CEO and Managing Director of Adriatic Metals.
For further information please visit: www.adriaticmetals.com; email: info@adriaticmetals.com, @AdriaticMetals on Twitter; or contact:
Adriatic Metals PLC | |
Klara Kaczmarek GM - Corporate Development | Tel: +44 (0) 7859 048228 Klara.kaczmarek@adriaticmetals.com |
Burson Buchanan | Tel: +44 (0) 20 7466 5000 |
Bobby Morse / Oonagh Reidy | adriatic@buchanan.uk.com |
Morgans Corporate Limited |
|
Rob Douglas / Sam Warriner / Mitch Duffy | Tel: +61 7 3334 4888 |
RBC Capital Markets |
|
Farid Dadashev / James Agnew / Jamil Miah | Tel: +44 (0) 20 7653 4000 |
Stifel Nicolaus Europe Limited | |
Ashton Clanfield / Callum Stewart / Varun Talwar | Tel: +44 (0) 20 7710 7600 |
Morrow Sodali | |
Cameron Gilenko | Tel: +61 466 984 953 |
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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