HRZ 2.56% 4.0¢ horizon minerals limited

RVT - QLD State Gov. Support, page-13

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    Regarding government support for financing the Richmond Vanadium project Jon Price, non-exec director of Richmond Vanadium Pty Ltd said during his presentation on 20 September (on youtube as New World Metals - Sydney session 4, from about the 14 minute mark) that due to cost increases and the decision to build a downstream facility in Townsville rather than Malaysia or China the capex will likely be in the $300m to $350m range and that the company was hoping for financial support for about a third of that from the likes of the Northern Australia Investment Facility and the "Green Energy 2050 Fund".

    The NAIF, which is a Commonwealth agency, seems to only offer loans, and given it apparently had bipartisan support when it was created in 2016 it remains a definite option. https://naif.gov.au/

    I could not find anything that goes by the handle, Green Energy 2050 Fund, but perhaps JP was referring to the Clean Energy Finance Corporation, also a Commonwealth agency, which is also active in this space. They also seem to focus on debt not capital support. https://www.cefc.com.au/

    Clearly the Qld government is also active in this area as well with their announcement in June last year of the $2b ‘Queensland Renewable Energy and Hydrogen Jobs Fund’ but I am not sure that a vanadium mine fits the requirements. https://statements.qld.gov.au/statements/92322

    Also at the federal level, there is the Australian Renewable Energy Agency which gives funding support for "pre-commercial innovation". I'm surprised that Richmond Vanadium Pty Ltd or Horizon has not sought support from ARENA, particularly for what they propose to do downstream, but maybe they have. https://arena.gov.au/




    Last edited by triage: 09/10/22
 
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