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Genmin Secures Additional $0.5M Insider Loans to Boost Baniaka Project

4:36am on Saturday 30th of August, 2025 AEST Mining
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Genmin Secures Additional $0.5M Insider Loans to Boost Baniaka Project

4:36am on Saturday 30th of August, 2025 AEST
Key Points
  • Additional A$0.5 million loans from non-executive Chair and Director
  • Total insider loans now A$3.5 million, unsecured with 12% interest
  • Funds allocated for general working capital amid project financing efforts
  • Potential future loan repayment via equity subject to approvals
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