Four Companies were recipients of the initial $41M including EQR ($6M). Progress to actual payment stage has been incredibly slow, not helped by the Fed.Election and the (successfull) reassessment program following the change of Fed. Govt.
I noticed Alpha (A4N) yesterday announced the receipt of $6.8M of their $15.5M Grant. So it would seem that EQR should not be far off actually receiving the Grant $s to assist in the progression of the mine reopening. Such assistance to EQR's finances should see a real boost to the sp given the Capital Cost has now been covered.
It is also worth remembering that EQR's early selection for one of the CMAI Grants was because of its critical mineral importance. I'm still hopeful EQR will receive further State Govt. support to advance the progress towards full mine production.
EQR Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
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