Ann: Government Conditionally Approves US$40M Expansion Loan, page-30

Hi names,

It will all come down to the offtake/sales agreements,

EFA will have very little risk with EGR. the funding agreement won't progress until EGR successfully completes stage 1. At this point, EGR will have entered sales agreements and most likely secured binding offtake agreements for the additional supply, EGR will know the full operating costs, specifications, and recovery of the first train/module.

There is plenty more risk for RNU shareholders and EFA who not only need to build a graphite mine and an SPG facility, they need to successfully commission both of these. I would love to know what conditions EFA has for RNU