StockNews.AI
APPN
StockNews.AI
12 days

Appian elects to withdraw from PLC's Central Lime Project financing deal

1. Appian withdraws loan proposal for Central Lime Project in Papua New Guinea. 2. PLC failed to secure an offtake agreement, deemed essential for financing. 3. Appian prioritizes investor interests, halting project involvement. 4. The decision affects only Pacific Lime, not immediate Appian operations. 5. Appian continues to focus on other investments in metals and mining.

4m saved
Insight
Article

FAQ

Why Neutral?

The withdrawal from one project does not significantly alter Appian's broader investment strategy. Historical context suggests minimal market reaction to project-specific withdrawals in similar firms.

How important is it?

The decision reflects Appian's strategy but does not drastically affect overall operations or investor sentiment. The company remains focused on other ventures.

Why Short Term?

Immediate impact limited to project concerns; longer-term strategy remains intact. Historical patterns show similar decisions typically cause temporary market adjustments.

Related Companies

PLC
August 07, 2025 17:27 ET  | Source: Appian Capital Advisory PERTH, Australia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Appian Capital Advisory Limited (“Appian”), the investment advisor to long-term value-focused private capital funds specializing in metals, mining, and adjacent industries, confirms its decision to withdraw its proposed senior secured loan and royalty financing facility with Pacific Lime and Cement Limited (“PLC,” formerly known as Mayur Resources) for the Central Lime Project (the “Project”) in Papua New Guinea. This development follows PLC’s confirmation of its inability to satisfy a key condition precedent of securing an offtake agreement prior to making its Final Investment Decision ("FID") on the Project, outlined in the financing agreement in April 2024, and the decision not to draw from the senior facility. Appian viewed an offtake agreement as a critical step to de-risk the project and ensure its long-term viability for a lender. As a result, Appian has determined that advancing a deal with the Project is no longer aligned with the best interests of its investors. For further information: Appian Capital Advisory Limited: Andrew Todd, Head of Communications: +44 7990416759 / atodd@appiancapitaladvisory.com +44 (0)20 7004 0951 / info@appiancapitaladvisory.com About Appian Capital Advisory LimitedAppian Capital Advisory Ltd is the investment advisor to long-term value-focused private capital funds that invest in companies in metals, mining, and adjacent industries. Appian is a leading investment advisor with global experience across South America, North America, Australia and Africa and a successful track record of supporting companies in metals, mining, and adjacent industries to achieve their development targets, with a global operating portfolio overseeing approximately 5,000 employees. Appian has a global team of 88 experienced investment professionals, combining financial and technical expertise, with presences in London, Abu Dhabi, New York, Dubai, Belo Horizonte, São Paulo, Beijing, Hong Kong, Toronto, Lima and Perth. For more information, please visit www.appiancapitaladvisory.com, or find us on LinkedIn, Instagram or Twitter/X.

Related News