Diatreme Resources Extends Debt Facility to Support Silica Sand Projects

An update from Diatreme Resources Limited ( (AU:DRX) ) is now available.

Diatreme Resources Limited has announced the extension of its $1.0 million debt facility for an additional 12 months, now maturing on 30 May 2026. This extension, which maintains a 7.5% interest rate, is crucial for protecting shareholder value and supporting the development of Diatreme’s silica sand projects in Queensland. The extension reflects ongoing support from lender Ms. Jie Wu and reinforces Diatreme’s strategic positioning in the silica sand industry, with potential implications for stakeholders in terms of project development and financial stability.

More about Diatreme Resources Limited

Diatreme Resources Limited is an emerging Australian producer of mineral and silica sands, headquartered in Brisbane. The company focuses on key projects such as the Northern Silica Project and Galalar Silica Sand Project in Far North Queensland, strategically located near the Cape Flattery Port. Diatreme also owns the Cyclone Zircon Project in Western Australia and the Clermont Copper-Gold Project in Queensland. Partnering with Sibelco, Diatreme aims to contribute to global decarbonisation by supplying high-grade silica for the solar PV industry, while maintaining a strong focus on ESG obligations.

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Technical Sentiment Signal: Sell

Current Market Cap: A$100.2M

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