Key Oz funding approved, the German/Finn contributions shouldn't be far behind.
Well done Charles & team, long haul but now it's in the bag.
Highlights • Northern Australia Infrastructure Facility (NAIF) approves $140 million loan facility with 12½-year tenor, subject to pre-completion conditions. • NAIF loan is a critical component of the Yangibana Rare Earths Project funding strategy underpinning finalisation of remaining funding requirements. • Yangibana is the first Australian rare earths project to receive NAIF funding. • First drawdown expected to occur in early 2023, aligned to Yangibana funding schedule. • NAIF loan forms part of A$300-400 million of total debt financing required for Yangibana. • Yangibana early works construction and design for long-lead items underway in anticipation of plant construction commencing in September 2022 Quarter. • Hastings is fostering a lower carbon future and renewable energy solutions through the Yangibana rare earths project
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(20min delay)