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Financial|Infrastructure|PROJECT|Resources|Infrastructure
Financial|Infrastructure|PROJECT|Resources|Infrastructure
financial|infrastructure|project|resources|infrastructure

A$5m advance to Strandline

9th December 2024

By: Creamer Media Reporter

     

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The Northern Australian Infrastructure Facility (NAIF) has advanced A$5-million to critical minerals company Strandline Resources under an existing facility as the company looks to bridge to a longer term debt restructure in February next year.

This latest advance by NAIF will enjoy a super senior position over the facilities of the other secured creditors.

Strandline MD Jozsef Patarica thanked NAIF for its continued support of the company and the Coburn mineral sands project.

“These funds will be used to help the company meet its ongoing financial commitments while we seek to complete the debt restructure,” said Patarica.

Edited by Creamer Media Reporter

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