Financing In July 2022, the Company announced it had completed a A$25m placement from a syndicate of investors that included an entity controlled by the Chairman of the world’s largest Battery Anode Producer.
The Placement funds were paired with a Non-Binding Debt Term Sheet for US $25 million.
Backed by the clear tailwinds for Angolan agriculture investment and requiring only a further funding US$40.0 million to complete construction and provide initial working capital.
The Company believes it is well positioned to fully fund the Cabinda Phosphate Project into production no later than H2 2023.
Non binding term sheet for $25m US ???
Production no later than H2 2023
DYOR
Financing In July 2022, the Company announced it had completed a...
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