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Diatreme Resources Secures 12-Month Extension for Existing AU$1 Million Debt Facility, Shares Reach Five-Year Low

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Diatreme Resources (ASX:DRX) secured a further 12-month extension of its existing AU$1 million debt facility, with the maturity date extended to May 30, 2027, from May 30, according to a Tuesday Australian bourse filing.

The facility remains unsecured and continues to carry an interest rate of 7.5% per annum, payable quarterly in arrears.

The facility originated from a convertible note arrangement that was fully drawn by May 2, 2017. The debt component of the arrangement has been subject to various extensions and was reduced by AU$500,000 in 2024, leaving the current principal balance of AU$1 million.

Its shares fell 6% in recent trading on Tuesday, reaching their lowest point in over five years.

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