Fantastic news, congratulations everyone.The quotes below are...

Fantastic news, congratulations everyone.

The quotes below are from Mark Thompson in the latest webinar:

"The debt financing is really going to be significant, probably for larger institutional investors as well, potential project partners, other commercial banks will... you'll see certain groups that if they go to credit approval on this project, it really means that their diligence has been put to rest, their diligence is very high and it'll have a strong effect on our ability to not only finance the rest of the Vittangi project but other projects as well within Europe and continue to grow the company globally."


"We're one of the first graphite anode projects in the world that's capable of achieving commercial debt, that's what we've been working on. The EIB is appraising the project very closely and coming to the end of their process so I'd say the EIB is a very quality first mover. We're hoping they would cornerstone the lending consortium of leading banks and credit agencies. The majority of the project finance would come from debt and try to decrease the amounts of equity and other financing options that we have. We're actually expecting to get credit approval from this consortium, probably in spits and spurts, but all of it should be out in the next quarter."


The EIB DD is highly rated and holds lots of weight among institutional investors and project partners. It's important to note that the EIB approving this initial finance adds even further validation to Talga because in their appraisal they specifically looked at environmental impact as well as any human rights/land issues involving the Sami. So regarding the appeals process, the project now has two massive ticks of approval.