Metals Exploration completes equipment drawdown and advances La India build
Metals Exploration ($MTL) has fully drawn its $27 million equipment financing for the La India gold project after taking the final $6.8 million. Cash following the drawdown was approximately $34.5 million. The five-year facility finances the mining fleet, carries six-month Term SOFR plus 3.15%, and is secured on the equipment with a parent-company guarantee. Construction milestones include completed process-plant conveyors, grinding-building structural steel and oxygen-plant installation. Manage
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