DynaResource, Inc. announced an updated agreement with Ocean Partners UK Limited for a credit line facility expansion and offtake extension.
The Credit Facility size has increased from $12.5 million to $15.0 million with a 6-month grace period on principal repayments.
The Offtake Agreement for the purchase of Gold Concentrate production from San Jose de Gracia Mine has been extended to December 31, 2030 with improved terms.
Credit Facility Expansion
Credit Facility increased from $12.5 million to $15.0 million with favorable repayment terms.
Extended Offtake Agreement
Offtake Agreement extended to December 31, 2030 with improved gold payability terms.
Working Capital Improvement
Financial derisking milestone to improve working capital and invest in mine development for long-term growth.
- The agreements with Ocean Partners strengthen the Company's working relationship and provide security and confidence in the business plans.
- The expanded Credit Facility and improved Offtake Agreement position San Jose de Gracia for operational improvements and long-term growth.
These financial agreements mark significant milestones for DynaResource, enhancing working capital, mine development, and shareholder value. The Company's strong relationship with Ocean Partners is highlighted through competitive terms and future operational optimizations.