Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) said that the US$25 million concentrate prepayment arrangement with Trafigura, announced on 12 December, has been executed and closed with funds drawn down.
Laura Tyler, Adriatic's chief executive, said: "We are pleased to have bolstered our cash position through this concentrate prepayment arrangement with Trafigura, including competitive offtake terms that take advantage of the positive market conditions for base and precious metal concentrates."