It's not a stupid question at all, and hopefully one that can be addressed in the next update. I assume it's because they are second in line behind the senior facility and that this is the agreed cost of capital in the current "start up" market.
History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025
ACW This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game
AXN Rising demand, China's 'tech war' bans leaves this germanium explorer with significant investment potential