SMR secures $36m through placement and cooperation agreement

Summary by 6ix AI

The funding will consist of a share placement and convertible notes, aimed at supporting the company's obligations and early works costs for its projects. Additionally, Sprint Capital will assist in marketing Stanmore's coal output and explore further growth opportunities together. The agreement also allows Sprint Capital to appoint a director to Stanmore's board, subject to shareholder approval.

Written by 6ix AI from the company’s filing. How 6ix writes summaries