Yes, this is very exciting stuff indeed - the fruits of being considered a US domestic partner. This has been reported previously and I had noted that the US agency that issues the funds had already done so to a couple of other mining companies in amounts of $USD 15.8 million - why this amount I dont know but one of the recipients was Fireweed in Canada but strangely they are about 5 years away from production whereas we are in production right NOW
At a rate of 0.62 that could be up to $AUD 25 million which would go a long way to speeding up supply to both the USA and into our new FeW plant in Vietnam.
Lets hope Elmet come up with the goods - I think the application has been in the pipeline for a couple of months already, so could happen very soon
EQR Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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