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samxue1979

581 Posts.

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26/10/23

17:26

Post #: 70559664
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Originally posted by Venge: ↑

I forgot the ILUA in my above.
(From annual report)
On the 6 April 2023, following discussions with ASX, the Board decided to place Province’s shares into suspension while it completes the pre-feasibility study (PFS) for the HyEnergy® Project, and the Company can demonstrate secure tenure, funding ability, an executed Indigenous Land Use Agreement (ILUA), and has an offtake agreement for product from the HyEnergy® project, at which point it will apply to ASX to undertake a re-compliance listing.

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“demonstrate" secure tenure , doesn't mean got tenure contract on hand. I understand provide enough documents evidences show prl able to get tenure...
Most hard part demonstrate funding ability. Is there any bank willing to lend money for hydrogen projects...??

PRL Price at posting: 4.1¢ Sentiment: None Disclosure: Held
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