Unless Stellantis has waved conditions (extremely unlikely), its...

Unless Stellantis has waved conditions (extremely unlikely), its clear that E25 has secured US$100m and met the other conditions for the equity issue of US$15m @ A$1.00/share. It was a few months late but well done E25. With one of the conditions being a decision by the E25 board to proceed with the project there should be an ASX announcement around progress and next steps for the project.

A remaining question is how long is the extension that Stellantis has given in relation to the next $15m prepay facility upon securing US$200m of project financing. If Stellantis considered two months appropriate when they signed the deal in January, does E25 have to perhaps the end of August for this threshold?