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Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.295 -0.075 (-20.27%)+
Announcement
Release
16 Feb 2026 8:11AM
Price at Release
$0.370
Full Release
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Summary
Lunnon Metals Limited has secured a $6 million term loan facility from the Bedrock Alpha Credit Income Fund to support the Lady Herial Project. This facility will fund general working capital needs, pre-production costs, and site establishment expenses. The repayment is due eight months after drawdown and is secured against the Lady Herial Project tenements and other assets. This financial arrangement is viewed as a strategic step toward commencing mining activities at the Lady Herial site, expected to yield significant free cash flow. C4 Capital and Gilbert + Tobin are advising Lunnon Metals on financial and legal matters, respectively.
Key Points
  • Lunnon Metals secures $6 million term loan from Bedrock Alpha Credit Income Fund.
  • The loan supports working capital, pre-production costs, and site establishment for the Lady Herial Project.
  • Repayment is due eight months after drawdown.
  • The facility is secured against Lady Herial Project tenements.
  • Mining at Lady Herial is expected to generate significant free cash flow.
  • C4 Capital and Gilbert + Tobin are Lunnon Metals' financial and legal advisors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.