From the CRML press release:
"The proposed funding package may be eligible for special consideration under Section 402 of EXIM's 2019 reauthorization..."
Since Tanbreez is a rare earth project, it falls directly under critical minerals, one of the key categories targeted by Section 402.
The project may qualify for:
- Faster processing
- More flexible terms
- Priority access to financing
- Higher loan ceilings (we can already see this with the 15 year time frame of the loan) or longer tenors
- It also makes the project more geopolitically aligned with U.S. strategic interests (e.g., reducing reliance on China for rare earths), which can boost its chances of final approval.
If the project is deemed eligible under Section 402:
-Political and strategic support for the loan increases.
-It could signal lower risk of denial (though not a guarantee).
-May attract other institutional or government-aligned investors.
-Could be a catalyst for share price momentum if the market views it as a major step toward derisking and development.
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From the CRML press release:"The proposed funding package may be...
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4.4¢ |
Change
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Mkt cap ! $63.58M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 38500 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.3¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 38500 | 0.048 |
1 | 10000 | 0.047 |
1 | 18500 | 0.046 |
2 | 61300 | 0.045 |
1 | 20000 | 0.044 |
Price($) | Vol. | No. |
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0.043 | 25000 | 1 |
0.044 | 90691 | 1 |
0.045 | 5000 | 1 |
0.048 | 140000 | 1 |
0.049 | 163636 | 3 |
Last trade - 16.14pm 17/06/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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