Ann: AnteoTech $6.4m Capital Raising, page-328

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17/04/24

20:44

Post #: 73395350
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Originally posted by levelhead: ↑

Unfortunately the NRF - as per their website - do not provide grants. Up until now I thought there would be grants - so I find that a bit disappointing.
Priority areas
We can invest in 7 priority areas of the Australian economy, as set out in the National Reconstruction Fund Corporation (Priority Areas) Declaration 2023(Opens in a new tab/window)
.
Find out about our priority areas.
Type of investments
The NRFC has broad power to provide financial accommodations including:
debt
equity
guarantees.
We do not provide grants.

Even the money flowing for critical minerals are only loans as below (ABC Site tonight).
Critical minerals projects in Queensland and South Australia will receive hundreds of millions of dollars in federal government loans as part of the Albanese government's plan for a "future made in Australia".
Australia's first high-purity alumina processing facility in Gladstone, central Queensland, has been awarded $400 million in loans through the federal government's $4 billion Critical Minerals Facility, Northern Australia Infrastructure Facility and Export Finance Australia.
A further $185 million in loans has been conditionally approved to fast track Renascor Resources' Siviour Graphite Project in South Australia.

Graphite is a key material in batteries, including for smartphones.(Pixabay)
Both projects will process critical minerals used in lithium-ion batteries and other renewable technology.
Prime Minister Anthony Albanese will make the announcement in Gladstone today.
"We are building a future made in Australia with secure jobs in our regions," Mr Albanese said.

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How do we know ADO has not applied for debt or equity? These arrangements through government may suit better than the open market?
ADO Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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