Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Think walkabout getting finance is huge deal up there with blackrock when it gets there's. Walkabout financing cost is similar to ours & debt package is almost certainly what Acp will be going for. Also shows Tanzania is seriously becoming a graphite hub. All very good news for Acp.
Our graphite pier in tanzania secures $20 million funding from Gemcorp
https://www.proactiveinvestors.com/companies/news/1017797/walkabout-resources-welcomes-gemcorp-approval-for-us-20-million-lindi-jumbo-debt-facility-1017797.html
Acp website link
http://armadalecapitalplc.com/
The truth is nobody knows .. but the Mahenge is on the cusp of becoming a major graphite region, our neighbour Blackrock & today Ecograf announcement of MOU for offtakes both with Korean company POSCO bodes very well for Acp.
29/05/23
Black rock signs binding agreements with POSCO:
– US$10m prepayment agreement; and
– Offtake agreement for 100% of planned life of mine graphite fines from Module1.
Debt financing with credit-approved term sheets anticipated in Q2
Link to Announcement: bit.ly/3qjGTHe
This is very good news $10M prepayment from customer, debt finace announcement due before end of June so anytime now.
Black Rock Signs MOU for Rail Transport from Mahenge.
CEO, John de Vries, said:
“Direct access to rail will give Black Rock a tremendous advantage when it comes to running a lower cost and
sustainable operation. Having rail on our doorstep clearly demonstrates this unique competitive advantage
that ultimately enables Black Rock to access key customer destinations from the deep-water port of Dar es
Salaam.
Amtech & all interested.
There's a short 15 minute presentation video that happened yesterday which I've just seen posted on the HotCopper BKT forum I haven't seen it yet but seems the imminent finance & Urbix deal speculation has come from this just released -
https://youtu.be/2yHBSan3NVY
Fair enough AIM on Epc, although I stand by nothing happening with Blackrock until after Chinese new yr, its the Chinese equivalent of Christmas & new yr so nothing much happens until after celebrations are done 7 to 10 days.
Blackrock also have Epc contract with a Chinese company -
EPC FRAMEWORK AGREEMENT WITH CHINA RAILWAY
SEVENTH GROUP
Black Rock has entered into a non-binding Cooperation Framework Agreement (CFA) with
state-owned enterprise (SOE), China Railway Seventh Group Co. Ltd (CRSG), a wholly owned
subsidiary of China Railway Group Limited
• China Railway Group is one of the largest construction companies globally
• CRSG to act as head Engineering Procurement and Construction (EPC) contractor for module
one Mahenge process plant and non-process infrastructure (NPI), with existing partner
Yantai Jinyuan (Yantai) to design and supply plant machinery and specific elements of NPI