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Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF) has secured a $30 million revolving credit facility with an additional $20 million accordion feature, totaling up to $50 million in potential financing. The four-year facility, provided by National Bank of Canada and The Bank of Nova Scotia, matures in September 2028 and is extendable. Horizon plans to use the funds for future asset acquisitions, Hod Maden project development, and general corporate purposes. The loan's interest rate is set at SOFR plus 2.50%–3.75%, with a standby fee of 0.56%–0.84% on undrawn amounts. The company must maintain a leverage ratio below 4.0x, excluding debt held by Sandstorm Gold
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