Syrah Secures Further DFC Funding Despite Unresolved Loan Defaults
Closing price · 2026-10-26: $0.062 · +1.64%
Syrah says its subsidiary is due to receive a further US$15 million from the US International Development Finance Corporation before month-end to support working and sustaining capital at Balama, bringing total DFC disbursements to US$83 million. The lender has temporarily waived existing loan defaults to enable the payment but reserved its rights, while Syrah continues to seek additional funding. Separately, the company has introduced a CEO retention-payment arrangement tied to continued employment through mid-2027.