Australia's Minbos Resources rises on finalising loan facility

Minbos Resources

27/05/2026 01:37

** Shares of Australia's Minbos Resources MNB.AX rise as much as 120% to A$0.033, logging their best intraday session 
** The exploration and development firm says it has signed the final security deal required under its $16 million loan facility
** Adds that the loan facility is with the Industrial Development Corporation of South Africa
** Co says that signing marks completion of steps needed prior to drawdown under loan facility
** Expects to receive funds in coming weeks
** Stock up over 8% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))