11:14 AM EDT, 06/25/2025 (MT Newswires) -- (Updates shares and adds National Bank commentary)

Metalla Royalty & Streaming ( MTA ) shares were last seen up 8% after the company on Wednesday secured a US$40-million revolving credit facility, with an accordion feature for an additional US$35 million of availability.

Concurrent with entering into the facility, the company also fully repaid and retired its existing C$50 million convertible loan facility with Beedie Investments.

Metalla drew down $13.1 million from the facility upon close, which was used to settle in its entirety the outstanding loan principal together with all accrued and unpaid interest and standby fees owed under the convertible facility.

Following these announcements, National Bank of Canada reiterated its outperform rating and $6.50 price target on the company's shares.

"Our Outperform rating is supported by Metalla's diversified portfolio consisting of a mixture of cash flowing and soon to be producing assets, along with numerous long-dated, potentially large-scale mining projects in the hands of Senior/Intermediate counterparties enhancing long-term optionality value within the portfolio," said analyst Shane Nagle. "With the market currently focused on FCF generation at elevated gold prices, MTA's valuation is impacted by its development heavy portfolio, with most of its NAV in development/exploration stage, including six projects expected to begin producing within the next 15 months."

Shares of the company were last seen up $0.41 to $5.34 on the TSX Venture Exchange.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 5.34, Change: +0.41, Percent Change: +8.32