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Metals extends £5.5m bridging term loan

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Metals Exploration plc has extended the term of its £5.5 million unsecured bridging term loan facility with Drachs Investments No 3 Ltd to 31 March 2025.

The company agreed the December 2024 loan in connection with its acquisition of Condor Gold plc.

Drachs holds 12.4% of Metals’ issued share capital.

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