Vertex Minerals (ASX:VTX) has entered into two loan facility agreements totalling $4.5 million as the company ramps up work at the Reward Gold Mine in New South Wales.
The two loan facilities will provide working capital as Vertex builds steady gold production and sales from Reward. Vertex expects that with positive operating cash flow in CY2026, they will be able to repay the loan facilities.
The first loan facility consists of $3 million with an existing shareholder, who is also a client of the company’s lead manager, CPS Capital. The second loan facility is $1.5 million with Global ESG Investments, a Monaco-based professional investor in the resources sector.
Executive Chairman Roger Jackson says that the company is very pleased about the debt funding facilities.
“I would like to acknowledge our lending syndicates for their support, which reinforces the great qualities of the Reward Gold Mine,” Jackson says.
Vertex is focused on the flagship Reward Gold Mine, having commenced gold processing using a gravity gold plant, achieving 95% recovery.
Write to Amy Rotman at Mining.com.au
Images: Vertex Minerals
