E25 7.32% 22.0¢ element 25 limited

Ann: Signs Offtake & Project Financing Agree with Global Mobility, page-8

  1. 441 Posts.
    lightbulb Created with Sketch. 155
    Stellantis will also invest $30 million (approx. AUD 43 million) inInvest ELEMENT 25, which will cover part of the construction costs:The first tranche ($15 million) will be a share placement ofStellantis drawn. The price Stellantis will pay is the volume weighted average price 20 days before thePublication of the feasibility study, but at least AUD 1 per share.Stellantis will advance the second $15 million to ELEMENTpay for future deliveries.There are still some requirements to be met. For one mustStellantis still complete the due diligence and ELEMENT 25 prepare the feasibility study by April 30, 2023. To receive the $15 million in equity, ELEMENT must provide at least $100 million in project funding, also by April 30, 2023:To get the second $15 million upfront payment, mustELEMENT by June 30, 2023 at least 200 million USDDemonstrate financing capacity.

    I'm curious when and with whom the contract will be published (Ford, Tesla, VW?)!!
 
watchlist Created with Sketch. Add E25 (ASX) to my watchlist
(20min delay)
Last
22.0¢
Change
0.015(7.32%)
Mkt cap ! $48.38M
Open High Low Value Volume
22.0¢ 22.0¢ 22.0¢ $8.842K 40.19K

Buyers (Bids)

No. Vol. Price($)
1 2926 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 118767 3
View Market Depth
Last trade - 10.50am 08/07/2024 (20 minute delay) ?
E25 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.