Australia's Boab Metals soars on securing $154 million debt facility

Boab Metals

27/11/2025 03:37

** Shares of Australia's Boab Metals BML.AX rise as much as 13.9% to A$0.45, their highest level since October 17

** Precious metal explorer to receive A$236 million ($154.06 million) debt facility from Merricks Capital and Davidson Kempner Capital Management

** Debt facility to fund development of the Sorby Hills Silver-Lead Project, a base metals project, in Western Australia

** Stock up 154.6% YTD, including day's moves

($1 = 1.5319 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))