#Canada #Vancouver #Credit Facility #Metalla #Royalty

Metalla Royalty & Streaming Ltd. Announces New Credit Facility

Metalla Royalty & Streaming Ltd., traded on NYSE American as MTA, has successfully entered a new revolving credit facility with the Bank of Montreal (BMO) and National Bank Financial (NBF). This agreement allows the company to borrow up to $40 million, with an additional accordion feature offering up to $35 million. This strategic move is designed to enhance Metalla's financial flexibility without diluting equity.

On June 25, 2025, Metalla made the announcement, highlighting the significance of this facility in improving their cost of capital and providing them with the necessary leverage to pursue larger investment opportunities in the future. "We are pleased to announce this new revolving credit facility... helping us to scale Metalla's business," stated Brett Heath, the CEO of Metalla.

Details of the Credit Facility

The facility has a three-year maturity that can be extended annually through mutual agreement. The key terms of this new credit line include:

• - Purpose: Funds will be used for general corporate purposes, acquisitions, and investments.
• - Interest Rates: Funds drawn will incur either a base rate plus margin for USD Base Rate Advances or will be pegged to the Secured Overnight Financing Rate (SOFR) for Term Benchmark Advances.
• - Availability: The facility allows for varying types of advances based on the company’s financial status, ensuring it remains adaptable to Metalla's evolving needs.
• - Financial Covenants: Metalla is required to maintain specific financial health indicators, such as a net leverage ratio and liquidity amounts.

After establishing this credit line, Metalla immediately drew $13.1 million to fully repay the amount owed to Beedie Investments Ltd., who previously provided a $50 million convertible loan. This strategic repayment decision further solidifies the company’s commitment to managing its financial obligations efficiently.

Retirement of the Beedie Facility

Alongside the announcement of the new facility, Metalla confirmed the complete repayment of the convertible loan to Beedie Investments. The outstanding amount consisted of C$16.4 million in principal and C$0.7 million in accrued interest and fees. By fully retiring this loan, Metalla releases certain assets previously secured by Beedie, marking a new chapter in their financial independence.

Brett Heath expressed gratitude toward Beedie as a major stakeholder and a supportive partner over the years, emphasizing the importance of their ongoing relationship. Despite the retirement of the loan, Beedie remains one of Metalla’s largest shareholders, signifying a continued alliance.

Future Prospects for Metalla

This new revolving credit facility equips Metalla with the financial agility to explore beneficial transactions aligned with their business objectives. The firm focuses on acquiring royalties and streams within the gold, silver, and copper sectors. Their strategy aims to bolster shareholder value through diversified portfolios that promise attractive returns.

As an emerging mid-tier royalty and streaming company, Metalla is positioned for growth. The leadership remains optimistic about future opportunities that align with their strategic goals.

Potential investors and stakeholders are encouraged to monitor Metalla’s progress as the company moves forward with its refined financial strategy.

For more details, please visit Metalla's official site.

Conclusion

The arrangement with BMO and NBF marks a significant stride for Metalla Royalty & Streaming as it continues to enhance its business framework amidst evolving market landscapes. While they embrace this new funding phase, the company's trajectory remains geared towards robust growth within the metal royalty sector.