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Adriatic Metals Launches A$80 Million Placement to Accelerate Vares Expansion
9:32am on Tuesday 18th of February, 2025 AEDT
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Adriatic Metals Launches A$80 Million Placement to Accelerate Vares Expansion
9:32am on Tuesday 18th of February, 2025 AEDT
Key Points
A$80 million equity raising via two-tranche institutional placement
63% expansion planned for Vares Processing Plant, increasing capacity to 1.3Mtpa
Expected annual production to exceed 20Moz silver equivalent, positioning Vares among top global silver producers
Funds allocated for long-lead items, mine expansion studies, and balance sheet flexibility
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ADRIATIC METALS (ASX:ADT)
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