DynaResource, Inc. has announced an updated agreement with Ocean Partners UK Limited, expanding their credit line facility from $12.5 million to $15.0 million. This new Concentrate Credit Line replaces the previous agreement from June 2024 and includes a 6-month grace period on principal repayments. The extension of the offtake agreement is a key requirement for the closing of the credit facility. This financial development is expected to improve working capital and support continued investment in the San Jose de Gracia mine's development, aiming for operational improvements and long-term growth. The agreement underscores the strong relationship between DynaResource and Ocean Partners, further securing the company's business plans and shareholder value. The proceeds will be used for repayment of existing advances, expansion capital, working capital, and general corporate purposes, with security provided through a parent company guarantee and a pledge of shares of its Mexican subsidiary.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DynaResource Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-112536), on September 02, 2025, and is solely responsible for the information contained therein.
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