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Andromeda Metals Limited ( (AU:ADN) ) has shared an update.
Andromeda Metals Limited has made significant progress in advancing its Great White Project, with detailed engineering and design for Stage 1A+ now underway. The company has optimized plant design to improve product quality and cost efficiency, while also consolidating production stages to increase capacity. A comprehensive review of capital costs and schedules has shown no material changes, despite inflationary pressures. Funding discussions, including a A$75 million debt facility with Merricks Capital, are progressing well, with final approvals pending further investment discussions.
More about Andromeda Metals Limited
Andromeda Metals Limited is a company operating in the mining industry, focusing on the development of mineral projects. Its primary projects include the Great White Project and the HPA Project, with a market focus on advancing these developments to enhance production capacity and product quality.
Average Trading Volume: 9,624,049
Technical Sentiment Signal: Hold
Current Market Cap: A$80.11M
For detailed information about ADN stock, go to TipRanks’ Stock Analysis page.