Member Info for LCMUK

The momentum continuing is important but what is more important is that the minimum revenue targets that form a condition of the SWK debt financing are met. If they aren't then the company must issue shares or take out more loans to make up twice the shortfall, per those conditions. The minimum revenue targets for the year ending Dec 2024 are $31.5 million.

In half a year so far STX has only made $12.1million. that means it must make $19.4 million in revenues over the next two quarters otherwise it will be in breach of those loan covenants.

Kazatomprom, the world’s largest uranium producer, has slashed its production target for 2025 due to project delays and sulphsulphuric acid shortages, threatening to squeeze supplies of the radioactive fuel vital for nuclear power.

The Kazakh company, which generates a fifth of global uranium supply, cut its target for next year by 17 per cent to a range of 25,000 to 26,500 tonnes of yellowcake. 

The move is likely to put upward pressure on uranium prices, which have softened from a 16-year high above $100 per lb this year but remain at historically elevated levels above $80 per lb, according to UxC, a pricing data provider.

https://www.ft.com/content/240af090-8684-49dc-a85e-20b535d62dda

Repost for those that missed it:

-progress to date has not been as quick as hoped but now accelerating as key development/dd items have been completed

-external and internal consultants used to understand the NEO projects -confidence level now a lot higher

-NEO top to get going particularly with where uranium mkt is expected to go over the next 10 years

-latest acquisition - Beisa - takes NEO from being a junior into a significant uranium player in South Africa. A lot of upside across the NEO projects

-next step is to capitalise NEO and put funding in place to enable resource expansions and move to production etc

-currently finalising $500M funding for NEO to be used on it's Henkries + Beisa projects through the AUO Fund

-gold linked debt facility (offtake) aka 'streaming' can be used to be raise significant amounts to capitalise a lot of items within the co

-plant and infrastructure funded from the AUO debt fund

-current status for NEO is a 3 stage funding package; debt/mezzanine for plant and infrastructure and capital already raised and 'streaming' (gold linked offtake) to be used for development

*No equity raise/placings etc*

-timing to finalise -process basically concluded, last remaining CPs (condition precedents) to close and release funds. Already working on it for 5 months - can sometimes be a 6 month process - not expecting it to take much longer

-specialised team in place to bring projects into production

-QvdB HNW friends have bought shares in NEO

-everyone back from holiday in UAE over next couple of weeks and are looking for deals

-market is ripe, lots of money going into mining specifically, lots of people talking about it and asking to invest

-QvdB sees a good Q4, not necessarily in global mkts banking etc but for mining/metals etc.

Link to interview : m.youtube.com/watch?v=-AMLEEHtxVc&feature=youtu.be

Jason did say in his stock box interview it would be announced 'over the course of this month'

Heading into the last week of August, will #NEO's second acquisition which will unlock the uranium and gold in a "very significant" way and "accelerate their development very quickly" be announced this week?!

- funding and offtake to cover bringing assets to production-no placing confirmed

-confirmed further acquis (exp Aug) will unlock #uranium and gold in a "significant" way

-Beisa acquis finalisation

-uranium and gold mining commencement

-resource expansion

-progress to date has not been as quick as hoped but now accelerating as key development/dd items have been completed

-external and internal consultants used to understand the NEO projects -confidence level now a lot higher

-NEO top to get going particularly with where uranium mkt is expected to go over the next 10 years

-latest acquisition - Beisa - takes NEO from being a junior into a significant uranium player in South Africa. A lot of upside across the NEO projects

-next step is to capitalise NEO and put funding in place to enable resource expansions and move to production etc

-currently finalising $500M funding for NEO to be used on it's Henkries + Beisa projects through the AUO Fund

-gold linked debt facility (offtake) aka 'streaming' can be used to be raise significant amounts to capitalise a lot of items within the co

-plant and infrastructure funded from the AUO debt fund

-current status for NEO is a 3 stage funding package; debt/mezzanine for plant and infrastructure and capital already raised and 'streaming' (gold linked offtake) to be used for development

*No equity raise/placings etc*

-timing to finalise -process basically concluded, last remaining CPs (condition precedents) to close and release funds. Already working on it for 5 months - can sometimes be a 6 month process - not expecting it to take much longer

-specialised team in place to bring projects into production

-QvdB HNW friends have bought shares in NEO

-everyone back from holiday in UAE over next couple of weeks and are looking for deals

-market is ripe, lots of money going into mining specifically, lots of people talking about it and asking to invest

-QvdB sees a good Q4, not necessarily in global mkts banking etc but for mining/metals etc.

Link to interview : m.youtube.com/watch?v=-AMLEEHtxVc&feature=youtu.be

With link - x.com/Lib_Capital/status/1810684811562066193

Deeko - great find - could it be Block SK306?! - [LINK REMOVED]