NT Minerals (ASX:NTM) received AU$300,000 through its convertible note facility to be used as working capital, according to a Thursday filing with the Australian bourse.
The remaining balance of about AU$1.6 million will be further drawn down in stages to fund the minerals company's exploration and development activities at its projects through 2025.
The facility has a floor price on conversion of AU$0.01 per share, the filing said.
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