Tamboran Resources Unit Gains Access to Performance Bond Facilities

MT Newswires Live

Jan 01

Tamboran Resources (TBN) unit Tamboran West has gained access to a total of 35 million Australian dollars ($21.6 million) in performance bond facilities from Macquarie Bank, a regulatory filing showed Tuesday.

Under the performance bond facility agreement, Tamboran West will be able to access A$25 million in performance bonds initially, with two potential additional facilities of A$5 million each if parent firm Tamboran Resources raises at least A$62.5 million and A$75 million, respectively, according to the filing.

All facilities expire on Dec. 19, 2027, and are guaranteed by another Tamboran subsidiary Tamboran Resources Pty, the filing showed.

Tamboran shares were up more than 2% in recent trading Tuesday.

Price: 19.10, Change: +0.50, Percent Change: +2.69

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