Strateco Resources Inc. announced that it has closed a $3 million bridge loan with The Sentient Group. The loan is secured and must be repaid within 10 business days from the receipt by Strateco of the 2012 tax credits for resources, or at the latest, by December 10, 2013. The loan bears interest at an annual rate of 10%.

The funds, to be disbursed in two installments, will be used toward the working capital of the company.