10:26 AM EDT, 08/13/2025 (MT Newswires) -- Eastern Platinum ( ELRFF ) , down 20% at last look, on Wednesday reported a swing to a second-quarter loss as revenue fell. The company also more than doubled the size of its finance facility agreement.

The company reported a net loss of US$1.8 million, or $0.01 per share, compared with net income of $3.5 million, or $0.02 per share, in the prior year period. It said the decrease in Q2 2025 net income was largely attributable to the significantly decreased revenue derived in the period.

Revenue fell 43% to $10.7 million over the same period. Operating loss was $3.0 million in Q2 2025 compared to an operating income of $1.6 million in Q2 2024.

Eastern Platinum ( ELRFF ) also announced that the finance facility agreement with Investec Bank has been upsized to $13.5 million, from $6.2 million. Funds will be used to support the full restart of the Zandfontein underground section of the Crocodile River Mine in South Africa.

The company's shares were last seen down $0.055, to $0.19, on the Toronto Stock Exchange.

Price: 0.19, Change: -0.06, Percent Change: -22.45