Interesting that the glencore one was a letter of intent, this one is a term sheet, progress.
Barry obviously sticking to a script...
Managing Director Barry Cahill commented: “We are very pleased to enter into an exclusive Letter of Intent for a Copper Cathode Offtake Secured Prepayment Facility with Glencore. This is part of a fully funded finance package for the restart of the Nifty Copper Project.
The restart project economics are very robust, and we have continued to make further improvements to the Nifty Copper Project during the financing process.
We are looking forward to completing our total funding package so that we can commence executing our Nifty Copper Project restart development plans.”
Managing Director Barry Cahill commented:
“We are very pleased to renew our association with Transamine SA, by entering into an exclusive Term Sheet for a Copper Cathode Offtake Secured Prepayment Facility. This is part of a fully funded finance package for the restart of the Nifty Copper Project.
The restart project economics remain very robust, and we have continued to make further improvements to the Nifty Copper Project during the financing process.
As all of the required regulatory approvals able to be completed prior to finance have been received, we are looking forward to completing our total funding package so that we can commence executing our Nifty Copper Project restart development plans.”
CYM Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
