How very right you are VMP, I looked further into the post you made and came up with several links see my post Post #: 19664858
Funny how you can completely overlook something isn't it?
Here I was waffling on about them maybe using the money to expand the Colarado plant when in fact that was already happening, my bad there for completely missing this, so in fact both plants are being expanded.
When the release on the 15th September came out showing where the money will be spent they said -: Proceeds deliver Eden the financial capability to accelerate
development of the large-scale Georgia US- based EdenCreteTM
production facility, significantly de-risking this milestone project.
I had completely overlooked the announcement on the 1st September where it said -:
Expansion of Eden’s Denver-based EdenCreteTM Production Capability
The expansion of the production capability of Eden’s Colorado based EdenCreteTM production facility from its present level of approximately 108,000 gallons per annum of EdenCreteTM to a target of between approximately 2 million - 2.4 million gallons (7.6 - 9.1
million litres) per annum is well underway and progressing on schedule.
In order to achieve this scale-up, the entire plant is being expanded.
The design of all items is completed, and most of the items have been ordered or are currently under construction.
These include the following:
The equipment to produce the quantity of catalyst required for production of
the necessary carbon nanotubes;
Two new reactors to manufacture the carbon nanotubes;
All the necessary processing and mixing equipment; and
Tanks and dispensing equipment for storage and delivery to road tankers of
the 40,000 gallons (151,000 litres) of finished product per week.
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