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27.5¢ element 25 limited

Ann: Signs Offtake & Project Financing Agree with Global Mobility, page-10

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the_contrarian

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10/01/23

11:39

Post #: 65613645
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Originally posted by Garant: ↑

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?)!!

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What contract are you talking about? The agreement is with Stellantis.

E25 Price at posting: $1.10 Sentiment: Buy Disclosure: Held
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Last 27.5¢		Change 0.000(0.00%)		Mkt cap ! $59.82M

Open	High	Low	Value	Volume
28.0¢	28.0¢	26.5¢	$67.10K	246.2K

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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7	247950	0.265
4	25158	0.260
1	11000	0.255
2	39204	0.250

Price($)	Vol.	No.
0.275	12680	2
0.280	296560	6
0.285	1812	1
0.290	2	1
0.295	120801	2

Last trade - 13.21pm 23/05/2024 (20 minute delay)


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