Catalyst Metals expands credit facility to $200M
- Catalyst Metals expanded its corporate credit facility from $100 million to $200 million, increasing total treasury to $531 million.
- The transaction scales the company's financial liquidity while maintaining zero debt on the current balance sheet.
- The company stated that the capital expansion supports long-term growth plans and the development of its mining assets.
Catalyst Metals (ASX:CYL) increased its corporate credit facility to $200 million, bringing total treasury resources to $531 million.
The expanded facility doubles the previous $100 million credit limit available to support ongoing corporate activities.
The company previously reported cash and bullion holdings totalling $331 million alongside zero debt.
The credit facility expansion aligns with the ongoing development of the Plutonic Gold Belt and three new mines into production.
Following the announcement, the Catalyst Metals share price was up at $6.28.
Catalyst holds a 40-kilometre long belt in central Western Australia that currently produces 100,000 ounces per annum.
The business also controls a processing plant and tenement holdings immediately south of the historic 22-million-ounce Plutonic goldfield.
