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Pilbara Minerals: Secures $250m govt loan for Pilgangoora expansion | Fintech InShorts: Latest fintech news, analysis by experts

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Pilbara Minerals: Secures $250m govt loan for Pilgangoora expansion

By Steve Sam

November 11, 2022

Pilbara Minerals Secures $250m govt loan for Pilgangoora expansion

Pilbara Minerals (PLS) takes out a $250 million government loan to fund the expansion of its Pilgangoora project in Western Australia
The company secured a 10-year debt facility through the Export Finance Australia (EFA) and Northern Australia Infrastructure Facility (NAIF) agencies
Subject to completion of finance documents and satisfaction of certain conditions, the funds will support expansion, including construction of a crushing and ore sorting facility
Following initial finance support, Managing Director Dale Henderson says the continued support from the Australian Government is a significant endorsement for the company
PLS shares are up 2.63 per cent and trading at $5.46 at 1:42 pm AEDT

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