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SilverCrest draws $30 million on $120 million project financing facility
Chicago, Sept. 8 – SilverCrest Metals Inc. reported that its Canadian subsidiary drew $30 million on its previously reported $120 million secured project financing facility with an affiliate of RK Mine Finance, according to a 6-K filing with the Securities and Exchange Commission.
Proceeds will fund the construction of the Las Chispas Project.
As of Aug. 31, the company had cash equivalents of $207 million and $60 million remaining under the credit facility.
The metals explorer is based in Vancouver, B.C.
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