07:07 AM EST, 12/17/2024 (MT Newswires) -- MAC Copper ( MTAL ) said Tuesday that it amended its mezzanine debt facility agreement with Sprott Private Resource Lending II to include an early repayment option.

The company said the amendment provides the option to repay the mezzanine loan in full between Jan. 1, 2025, and June 16, 2025, instead of the initial June 16 repayment date.

MAC Copper ( MTAL ) said the loan had an outstanding principal of about $145.3 million as of Oct. 31 and it will decide on the early repayment based on its cash balance and financial forecasts in the first half of 2025.