No, there is still more debt financing to come. "Talga is targeting Project debt gearing of up to 60% and the EIB’s funding forms part of the debt financing package being finalised with a number of leading commercial banks, export credit agencies and international financial institutions.
Proposed financiers attended a two-day site visit in June with Talga and BurnVoir Corporate Finance(Talga’s financial adviser) to further progress their due diligence. The site visit included a tour of theEVA plant, Refinery site and infrastructure in Luleå, as well as graphite ore stockpiles and mining project at Vittangi. Talga aims to finalise the composition of the financing syndicate and obtain credit approved commitments in the coming months. Indications of credit appetite from proposed financiers exceeds Talga’s target debt requirement"
The rest of the equity will come from strategic partnerships and state aid (see EU's STEP proposal)
No, there is still more debt financing to come. "Talga is...
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