Emerita Resources Corp. (EMOTF) has secured a US$15 million non-dilutive loan from Nebari Natural Resources Credit Fund II LP to advance its Iberian Belt West (IBW) project in Spain. The loan will be disbursed in three tranches, providing Emerita with the necessary funds to maintain momentum in project development despite challenging equity market conditions. The financing strengthens Emerita’s position ahead of anticipated milestones in 2025, including the resolution of legal cases surrounding the Aznalcollar project.