Terramin Australia (ASX:TZN) said its wholly owned subsidiary, Terramin Exploration, reached an agreement with major shareholder Asipac Group to extend the maturity date of its existing loan facilities to June 30, 2027, according to an Australian bourse filing on Wednesday after market hours.

The facilities comprise the secured standby term facility, the unsecured standby term facility, and the bird in hand facility, per the filing.

The company said Asipac's continued financing support will fund its corporate strategy while it pursues long-term financing options, the filing added.