** Shares of Andromeda Metals ADN.AX rise 6.3% to A$0.0085
** Earlier in the day, stock rose as much as 12.3% to A$0.0090 - its highest level since October 16, 2024
** Industrial minerals co enters into exclusive negotiations with Merricks Capital for a debt project financing facility with a limit of up to A$75 million ($47.09 million)
** Says if co breaches exclusivity arrangements before July 31, 2025, a break-fee of up to 1% of the facility limit (plus GST) will apply
** About 19.4 mln shares change hands, 6.6x the 30-day average of 2.9 mln shares
** ADN up 21.4% YTD, including current session's moves
($1 = 1.5926 Australian dollars)
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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