Native Mineral Resources secures $18M refinancing deal

• Native Mineral Resources completed an $18 million refinancing arrangement.
• The deal removes $11.6 million in scheduled debt repayments due over the next year.
• The refinancing aims to support ongoing gold production and Blackjack facility operations.

Native Mineral Resources (ASX:NMR) completed an $18 million refinancing arrangement to repay its existing Collins Street financing facility in full.

The new financing package removes approximately $11.6 million in debt repayments that were due between October 2026 and September 2027.

NMR Chair James Walker said, "By removing near-term repayment pressures and improving liquidity, we have created the flexibility needed to focus on operational performance, margin improvement and disciplined capital allocation."

Under the terms of the transaction, $12,313,451.89 was allocated to satisfy the previous debt, $2,999,193.79 was directed to prepaid interest and funding costs, and $2,687,354.32 remains available for general business purposes.

Following the announcement, the Native Mineral Resources share price was up at $0.059.

The 24-month loan facility provided by Yogi Bear carries a maturity date of October 2028 and features prepaid base interest for the first 12 months.