There wouldn't be much left Letty, but I think the company is holding out for an investment from the BNDES & Vale equity investment fund.
https://valorinternational.globo.com/business/news/2024/10/03/vale-bndes-pick-manager-for-r1bn-fund-to-explore-critical-minerals.ghtml
Im pretty sure this is the strategic investor/cornerstone investor that they have been referring to recently, and the discussions are very advanced.
The deal is not been signed yet, but its looking good they will pull it off. Having the caliber of BNDES and Vale on the register as a cornerstone would send a very positive message to the market.
I wouldn't be surprised if we hear about it around the same time as the FINEP & BNDES funding announcement on 25/7/25 (most likely a 28/7 asx announcement). Its less than two weeks away so not long to go.
http://www.finep.gov.br/chamadas-publicas/chamadapublica/753
Cheers DYOR
There wouldn't be much left Letty, but I think the company is...
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