Loan Facility Documentation Executed

Key points

• Neometals executed definitive facility and security documentation with Coal Holdings Pty Ltd (CHPL) for a standby loan facility of up to A$2 million.
• The facility aims to support Neometals' working capital requirements.
• The facility is subject to satisfaction or waiver of conditions precedent, including regulatory approvals and no default events.
• Neometals may raise equity capital without CHPL's consent, provided it gives CHPL prior notice of a material equity raising.

Full summary

Neometals Ltd has executed definitive facility and security documentation with Coal Holdings Pty Ltd (CHPL) for a standby loan facility of up to A$2 million. The facility aims to support Neometals' working capital requirements, including near-term activities. The facility is subject to satisfaction or waiver of conditions precedent, including regulatory approvals and no default events. Neometals may raise equity capital without CHPL's consent, provided it gives CHPL prior notice of a material equity raising. The facility includes a first-ranking security over Neometals' shareholding in Avanti and matures on 31 August 2029.