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Polymetals Secures $35M to Restart Endeavor Mine and Boost Exploration
9:13am on Monday 2nd of June, 2025 AEST
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Mining
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Polymetals Secures $35M to Restart Endeavor Mine and Boost Exploration
9:13am on Monday 2nd of June, 2025 AEST
Key Points
Raised $35 million via placement of 43.75 million shares at $0.80 each
Pro forma cash position of approximately $37 million plus $26 million undrawn debt facilities
Funds allocated to Endeavor mine restart, near-mine and regional exploration, and working capital
Share Purchase Plan offered to existing shareholders at the same price
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Polymetals Resources (ASX:POL)
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