08:10 AM EDT, 06/23/2025 (MT Newswires) -- Aya Gold & Silver ( AYASF ) on Monday said it closed the previously announced US$25 million credit facility with the European Bank for Reconstruction and Development (EBRD).

The credit facility can be used to advance exploration, mine planning and engineering activities at Boumadine polymetallic project in the Draa-Tafilalet region in Morocco, the company said. The funds will also support broader in-country objectives, such as workforce training, gender inclusion, and local supply chain improvements across its operations locally.

"This renewed partnership underscores Boumadine's exceptional potential and highlights the EBRD's long-term financial commitment-not just today, but as a future funding partner as the project advances toward development," said Aya Gold & Silver's ( AYASF ) President and Chief Executive Benoit La Salle.