“Given the sales ramp up, we have had a short term working...

“Given the sales ramp up, we have had a short term working capital requirement given we have needed to fund the processing of large stockpiles in line with contractual obligations. At the same time, our factoring facility through Belfi was temporarily unavailable due to them committing these funds to other contractors on the large project that we are largely solely supplying (a major Port expansion). This factoring has since been reinstated. As a result, we are undertaking a small capital raise at .006 to raise a maximum of 500k. We have only reached out to a handful of investors given the amount and the discount. This will give us the required funding to:make some small enhancements to our current plant and equipment that are necessary to further increase sales.meet our working capital requirements as we ramp up sales. This WC will complement the factoring facility that we have in place from Belfi.fund the limited capex to recommence magnetite mining (we are fully permitted to do this) and it will add another revenue stream the Yerbas Buenas project. undertake some legal due diligence on another project we are assessing.”
Ben replied me from the email