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Aya Gold & Silver Secures US$25 Million Credit Facility from EBRD to Support Growth in Morocco
MONTREAL, May 12, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF...
About this update from Aya Gold & Silver Inc.
[{"type":"text","content":"Aya Gold & Silver Secures US$25 Million Credit Facility from EBRD to Support Growth in Morocco\n\n\n\n MONTREAL, May 12, 2025 (GLOBE NEWSWIRE) --\n \n Aya Gold & Silver Inc.\n \n (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce that it has received final internal approval by the Board of Directors of the European Bank for Reconstruction and Development (“EBRD”), for a proposed US$25 million secured credit facility (the “Facility”). The proceeds of the Facility are intended to support the development of the Corporation’s Boumadine polymetallic project and enhance financial flexibility as part of Aya’s growth strategy in Morocco.\n \n\n This Facility from EBRD, the current lender on the Zgounder Silver Mine expansion project, represents a significant endorsement of Aya’s operating and financial track record and further strengthens the Company’s long-standing relationship with EBRD, who has been a strategic partner in Morocco.\n \n\n\n “As a responsible operator committed to sustainable growth, we are pleased to welcome this non-dilutive credit facility from EBRD,”\n \n said Benoit La Salle, President and CEO of Aya Gold & Silver.\n \n “It is a strong endorsement of our leadership position in Morocco and the trusted partnerships we’ve built. With robust free cash flow and a strengthening balance sheet, we are well equipped to accelerate our growth plan and deliver low-cost ounces at Boumadine and Zgounder.”\n \n\n\n\n “We are pleased to strengthen our 10-year partnership with Aya Gold & Silver, whose operational progress, growth plans, and focus on sustainability are well aligned with our priorities,”\n \n said Natalia Lacorzana, Head of Natural Resources, EBRD.\n \n “Since our last project finance facility in 2023, Aya has made steady progress at Zgounder and advanced the potential of Boumadine. This new facility reflects our confidence in the company’s leadership and our continued support for responsible mining in Morocco.”\n \n\n\n The Facility remains subject to: (i) negotiation and finalization of definitive agreements; and (ii) customary closing conditions, including security arrangements and regulatory compliance.\n \n\n The proposed ...