RE: Newsletter2 Dec 2025 09:03
@ witty ... it's in the RNS if you read it ... the funds are released in tranches the first tranche pays for the surveys & licences ... once completed & approved the 2nd tranche is released which are the funds for refurb etc:
"The Offtaker will also fund US$2.43 million in the second tranche and US$1.15 million of working capital. These amounts become available once the relevant construction and production licences are granted and, in the case of working capital, once first production has commenced."