Alliance Nickel Extends AU$5.2 Million Loan Facility to 2027 Amid Ongoing NiWest Development Strategy
Alliance Nickel Limited (ASX: AXN) has extended its existing AU$5.2 million unsecured loan facility by one year, moving the maturity date from 30 June 2026 to 30 June 2027. As part of the revised agreement, the interest rate has been adjusted upward from 12% to 13%, with interest continuing to accrue and being capitalised until repayment at maturity. All other terms of the facility remain unchanged. The extension provides the company with continued financial flexibility while it advances its NiWest nickel-cobalt project and engages in discussions with potential strategic partners. Management indicated that the continued support from lenders reflects confidence in the company’s outlook and development progress. The facility ensures non-dilutive funding support during a key development phase, helping maintain liquidity while strategic options are evaluated. The NiWest project remains central to Alliance Nickel’s long-term plan, supported by feasibility work confirming its potential to supply battery-grade nickel and cobalt into the electric vehicle supply chain.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
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Alliance Nickel Extends AU$5.2 Million Loan Facility to 2027 Amid Ongoing NiWest Development Strategy
Alliance Nickel Limited (ASX: AXN) has extended its existing AU$5.2 million unsecured loan facility by one year, moving the maturity date from 30 June 2026 to 30 June 2027. As part of the revised agreement, the interest rate has been adjusted upward from 12% to 13%, with interest continuing to accrue and being capitalised until repayment at maturity. All other terms of the facility remain unchanged. The extension provides the company with continued financial flexibility while it advances its NiWest nickel-cobalt project and engages in discussions with potential strategic partners. Management indicated that the continued support from lenders reflects confidence in the company’s outlook and development progress. The facility ensures non-dilutive funding support during a key development phase, helping maintain liquidity while strategic options are evaluated. The NiWest project remains central to Alliance Nickel’s long-term plan, supported by feasibility work confirming its potential to supply battery-grade nickel and cobalt into the electric vehicle supply chain.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au