Westwater Resources Disclosed That It Has Executed A Term Sheet And Agreed To Exclusivity With A Global Financial Institution For A $150M Secured Debt Facility, Which Would Be Used To Complete The Construction Of Phase I Of The Kellyton Plant
Portfolio Pulse from Benzinga Newsdesk
Westwater Resources has announced a term sheet and exclusivity agreement with a global financial institution for a $150 million secured debt facility. This funding will be used to complete Phase I of the Kellyton Plant construction.
September 04, 2024 | 10:47 am
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Westwater Resources has secured a $150 million debt facility to fund the completion of Phase I of the Kellyton Plant. This financial move is crucial for the company's growth and operational expansion.
The secured debt facility provides Westwater Resources with the necessary capital to complete a significant project, which is likely to enhance their operational capabilities and future revenue potential. This is a positive development for the company's growth strategy.
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