Adriatic Metals Plc (GB:ADT1) has released an update.
Adriatic Metals Plc has successfully implemented an Accelerated Development Action Plan, enhancing productivity at its Rupice Mine by 71%, and is transitioning to become the mine operator, expecting further improvements with a new development record set in March 2024. Alongside operational advancements, the company secured an additional US$25 million loan facility from Orion Mine Finance to support project-related purposes. This move aligns with Adriatic’s goal to become one of the lowest-cost global silver producers, focusing on driving down mining costs and optimizing procurement processes.
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