CNNC INT'L Subsidiary Secures Up to $30 Million Uncommitted Credit Facility

Stock News07-03

CNNC INT'L (ASX: 02302) has announced that its wholly-owned subsidiary, CNNC International Group Co., Ltd., has met all prerequisites for a general banking facility agreement initially signed with a financial institution on June 24, 2026. This facility, capped at $30 million, is designated for purposes including the procurement of natural uranium products or other goods acceptable to the bank.

The credit line is structured as an uncommitted facility, granting the bank the discretion to withdraw the available commitment at any time. The terms stipulate that the facility is subject to review by the bank on or before the date marking 12 months from its initial drawdown, or at an earlier date deemed appropriate by the bank. Furthermore, any funds drawn under this arrangement must be repaid within a 180-day period.

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