REG - Adriatic Metals - Prepayment Agreement Closed

Adriatic MetalsAnnouncement

16/01/2025 14:00

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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
(http://www.adriaticmetals.com/) ; email: info@adriaticmetals.com
(mailto:info@adriaticmetals.com) , @AdriaticMetals
(https://twitter.com/AdriaticMetals) on Twitter; or contact:

 

 Adriatic Metals PLC
 Klara Kaczmarek                                   Tel: +44 (0) 7859 048228

 GM - Corporate Development                        Klara.kaczmarek@adriaticmetals.com (mailto:Klara.kaczmarek@adriaticmetals.com)

 Burson Buchanan                                   Tel: +44 (0) 20 7466 5000
 Bobby Morse /  Oonagh Reidy                       adriatic@buchanan.uk.com (mailto: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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