09:29 AM EDT, 09/15/2025 (MT Newswires) -- Discovery Silver ( DSVSF ) , which rose near 8% and hit 52-week highs last Friday, said it entered into an agreement with a syndicate of financial institutions for a revolving credit facility that allows it to borrow up to $250 million, with an accordion feature for an additional $100 million, subject to certain conditions.

The company Monday said the facility will mature on Sept. 15, 2028, and is available for general corporate and working capital needs. After entering into of the deal, Discovery will cancel the existing term loan agreement with Franco-Nevada GLW Holdings involving a $100 million senior debt facility, entered into as of April 15, which remained undrawn as of the date of termination.

"The Revolving Credit Facility we have arranged with the Syndicate will provide both increased financial capacity and greater flexibility as we advance our attractive growth profile in both Canada and Mexico," said Discovery Silver ( DSVSF ) chief executive officer Tony Makuch.

Shares of the company closed up $0.36 to $4.96 on the Toronto Stock Exchange Friday.