Manuka Resources (ASX:MKR) said it has entered into definitive loan documentation for a $30 million senior secured term facility with Nebari Natural Resources Credit Fund II, LP, according to a Monday Australian bourse filing.

The company said the facility will be used to refinance its existing debts and provide additional funding for its Wonawinta silver mining and Canbelego gold mining projects.

On Dec. 1, 2025, Manuka said it had entered into a term sheet with Nebari for $22.5 million at a time when it had a senior secured debt facility of about AU$19 million outstanding, the filing added. The company has since increased the facility to $30 million and repaid the AU$19 million in full.

Once fully drawn, the total senior secured amount owed will be $30 million. Tranche one of the facility was drawn, and funds were received on Feb. 27, the filing added.

The company said it believes the facility leaves it fully funded for production. The loan allows Manuka to borrow up to $30 million over four years, with scheduled principal repayments commencing after 18 months and interest costs paid monthly, the filing added.

In consideration for the provision of the Tranche one funds, Nebari was issued 36.4 million warrants over new shares in the company at an exercise price of AU$0.2004, and additional warrants will be issued following receipt of Tranche two commitment funds, the filing added.

The company's shares were up 11% in recent Monday trade.