Trevali Mining engaged RBC Capital Markets as its financial advisor to conduct a strategic review process that will explore financing alternatives to enhance shareholder value. The strategic review process could include a recapitalization of the company, a strategic investment in the company by a third party, a business combination with another entity, a reduction of the principal outstanding under the company’s revolving credit facility due to mature in September 2022, or some combination of the preceding.
Trevali Mining also continues to engage with its syndicate of lenders on a solution to short-term financing and liquidity requirements, and has been granted a waiver of compliance with the existing financial covenants until May 31. No other amendments to the facility have been made as part of this waiver extension.
Trevali Mining is a base-metals mining company headquartered in Vancouver.
