VANCOUVER, British Columbia, July 31, 2020 (GLOBE NEWSWIRE) — Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announced today that it continues to engage with its syndicate of lenders on a solution to short-term financing and liquidity requirements, and has been granted a waiver of compliance with the existing financial covenants until August 31, 2020. As part of the waiver, the minimum financial liquidity requirement of $15 million has been reduced to $10 million. All other terms of the facility remain unchanged.
The Company continues to advance the strategic review process with its financial advisors to explore financing alternatives to enhance shareholder value. No timeline for its completion has been currently defined.
Trevali is a global base-metals mining company, headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its three operational assets: the 90%-owned…