Polymetals Resources Receives Additional $10 Million Facility; Shares Rise 4%

MT Newswires Live

2025/11/28

Polymetals Resources (ASX:POL) received a further $10 million bridging facility from trading partner Ocean Partners to support ongoing operations, according to a Friday filing with the Australian bourse.

The parties are in talks for the final terms of the facility, the filing said.

Executive Chairman David Sproule has also provided the company with an AU$5 million facility, the filing added.

The Endeavor mine has resumed production following a fatal incident in October and has now returned to continuous shift operations, the company said.

Shares of the company rose 4% in recent Thursday trade.

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