I didn't see a placement coming, all the recent NTU announcements appeared to confirm sufficient funding to get the Wolverine DFS completed next Q and the FID process underway, and as of the JuneQ/23 cash flow report they had $11.7m cash in the bank.
Maybe NC is setting up some institutional players with a stake pre a positive DFS? IMO it's hard to believe any new RE project would be bankable at current SMM RE prices without the increasingly heroic pricing forecasts of Adamas et.al...I guess we will find out soon enough...GLTAH!
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