Some colour on what happens next now that we are a strategic project:
According to the minutes of their first meeting in December, the CRM financing subgroup’s next meeting is going to occur this month, however no specific date has been given yet.
What will happen at the meeting?
“Strategic Projects will be presented and discussed within the financing sub-group of the Critical Raw Materials Board. The sub-group advises on how the financing of the project can be completed, considering private and public sources of funding. This sub-group brings together relevant national promotional banks, the European Investment Bank, the European Bank for Reconstruction and Development, and private financial institutions, among others. The sub-group will soon meet to discuss how each Strategic Project can be financially supported.
A Strategic Project can also benefit from the possibility of regional and national authorities making use of funding from the European Development Fund and Cohesion Fund to support the project, in line with the new STEP Regulation. These funds are administered by regional and national authorities and the Commission ensures that supported projects are successfully concluded.“
I think it is highly likely we will get some funding (grants) from the above mentioned Funds.
(20min delay)