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].

Core Points - Emerita Resources Corp. has entered into an amended credit agreement with Nebari Natural Resources Credit Fund II, LP, providing a fourth tranche of USD$35 million as a standby loan, increasing the total borrowing capacity to USD$50 million [2][3] - The Upsized Loan will support the advancement of the wholly-owned Iberian Belt West Project, with drawdowns at the company's discretion [4] - The proceeds from the Upsized Loan will be allocated for working capital, exploration, geological drilling, engineering studies, environmental permitting, and general administrative costs [5] Loan Agreement Details - The loan agreement consists of four tranches: Tranche 1 of USD$6 million, Tranche 2 of USD$4.5 million, Tranche 3 of USD$4.5 million, and Tranche 4 of USD$35 million [3] - Emerita has only drawn down on Tranche 1 as of the current date, with no other changes made to the original loan agreement aside from the addition of Tranche 4 [3] - If Tranche 4 is drawn down, the company will issue common share purchase warrants valued at USD$13.125 million, with a 25% premium to the lower of the 20-day volume weighted average price or the market price [6] Financial Position and Future Plans - The CEO of Emerita stated that the upsized facility provides increased financial flexibility to advance the IBW Project and other growth opportunities with less dilution [5] - Nebari's Managing Director highlighted the significant growth of the IBW mineral resource since the first tranche of the original loan, positioning the project well for execution [5] - The company is in a strong financial position and does not intend to utilize the expanded facility in the near term [5] Regulatory and Compliance Information - The issuance of warrants and loan bonus warrants is subject to approval by the TSX Venture Exchange [7] - The warrants will have a statutory hold period of four months and one day under applicable securities laws [8]