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Vandium producer Bushveld Minerals said it had secured 375m South African rand, or about $25m, in debt facilities with Nedbank.
The financing came in the form of a R250m loan and a R125m revolving credit facility.
'The funding provides additional flexibility for our business as we advance strategic initiatives,' chief executive Fortune Mojapelo said.
'The company is committed to maintaining a conservative balance sheet and believes shareholders will benefit from the improved capital structure.'
At 2:56pm: (LON:BMN) Bushveld Minerals share price was +0.5p at 24.25p