ASX-listed technology company Chrysos Corporation has successfully refinanced its corporate facilities with a new A$200-million syndicated facility with three Australian financiers.

These new debt facilities move away from the company's existing asset-based financing debt structure to a corporate-style facility designed to provide operational flexibility and support for the development and production of the company's proprietary PhotonAssay units around the world.

The new syndicated facility not only provides more favourable debt pricing compared with the prior facilities but increases funding headroom by A$105-million, and reduces the commitment free on undrawn facilities relative to the prior facilities.

"The funding supports Chrysos' return to its target manufacturing cadence of 18 units a year, with the forward order book now extending to a further 22 PhotonAssay units and 27 long-lead components, positioning the company to growth through the 2027 financial year and beyond," says MD and CEO Dirk Treasure.

He adds that continued adoption of PhotonAssay units is driving strong demand across multiple regions, which is reflected in the four additional contracts signed with laboratories in recent weeks.

The company signed 23 new lease agreements in the year-to-date, including a second unit in Saudi Arabia and units for SGS - a leading testing, inspection, and certification company for the minerals sector in Australia.

During May, Chrysos achieved its third consecutive month of processing more than one-million samples, with high uitilisation across the PhotonAssay fleet supported by a buoyant gold market.

PhotonAssay units are automated, on-site machines used by the mining and exploration industry to analyze gold, silver, copper and other elements. Developed as an environment-friendly, non-destructive replacement for traditional fire assaying, they provide bulk readings in as little as 2 minutes.

"The new corporate facilities provide Chrysos with the flexibility and capital support required to scale deployments, expand our global footprint and maintain momentum as customer adoption continues to strengthen," Treasure concludes.