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bluesamurai

10,430 Posts.

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24/09/24

10:18

Post #: 75807961
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Originally posted by bluesamurai: ↑

EXIM Bank Issues Letter of Interest to Fund up to US$456M(A$680 million1) for Wyoming Rare Earth ProjectHighlights• Wyoming Rare (USA) Inc. has received a non-binding Letter of Interest from the Export-Import Bankof the United States (“EXIM”) for up to US$456m in a debt financing package for the constructionand execution phase of the Cowboy State Mine area at the Halleck Creek Project.• The debt financing will have a repayment term of 15 years under EXIM’s Make More In AmericaInitiative2.• EXIM is the official export credit agency of the US Federal Government with the mission to support USexporters and jobs• The Cowboy State Mine area is the first step in a multi-phase approach to developing the Halleck Creekdeposit in Wyoming.• The Halleck Creek deposit has the potential to be a multi-generational rare earths asset for the US.The deposit has a 2.34 billion tonne JORC resource, containing 7.48 million tonnes of total rare earthoxides, including key magnet metals like Neodymium (Nd) and Praseodymium (Pr) oxides.3 QUOTE The news we have all been waiting for looking forward to , this is the beginning of something exciting IMO From release today

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