Diatreme Resources Extends Debt Maturity, Repays Part

Diatreme Resources Limited (AU:DRX) has released an update.

Diatreme Resources Limited has successfully rolled over a $1 million debt, extending the maturity date by 12 months to May 2025, while repaying $0.5 million of the original $1.5 million. The move secures the company’s financial stability and allows it to continue developing its silica sand projects in Queensland. The terms of the debt include a fixed interest rate of 7.5%, with the flexibility of an unsecured debt that can be repaid any time without penalties.

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