Emerita Resources Completes Nebari Facility Upsizing

Core Viewpoint - Emerita Resources Corp. has secured an amended credit agreement with Nebari Natural Resources Credit Fund II, LP, allowing for a standby loan of USD 35 million to support the advancement of its Iberian Belt West Project [1][2]. Financial Support - The Upsized Loan provides flexible financial support for the Company to continue advancing the IBW Project, with drawdowns under the loan agreement at the Company's discretion, subject to meeting specific conditions [2]. Project Development - Nebari's Managing Director expressed confidence in the IBW Project's potential, highlighting the financing capacity now totaling up to USD 50 million, which positions the project well for execution with growing resources and established local infrastructure [3]. - The Company is focused on advancing the IBW Project through permitting and prefeasibility stages, with ongoing drilling and metallurgical advancements enhancing the project's potential [3]. Use of Proceeds - The proceeds from the Upsized Loan will be utilized for working capital related to exploration, geological drilling, engineering studies, environmental permitting, deposits on long lead time items, and general administrative costs [3]. Company Overview - Emerita Resources Corp. is engaged in the acquisition, exploration, and development of mineral properties in Europe, primarily focusing on Spain, with its corporate office in Sevilla and an administrative office in Toronto [4].