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The jv company pba is currently valued at somewhere between $110m (as the jrp valuation and recent dipb loan financing transactions) and $154.5m (as the discounted pfs valuation - which demonstrated amapa to be valued higher than what was originally anticipated in the jrp)… for 100% amapa…
so $1.1m - $1.55m per %…
Https://www.lse.co.uk/rns/KDNC/strategic-development-and-financing-b3emdmzwcgoalyu.html …
this isn’t for post dfs… and should be due anytime soon by now… 🤞before Christmas…
Under the MOU, TCIDR will provide a final proposal to complete the Definitive Feasibility Study ("DFS")... The DFS, EPC contract and any other services provided by TCIDR are subject to both the services being provided on a competitive basis and to PBA's and DEV's commercial evaluation and approval… (open book by the sounds of it)…
once this proposal is complete they’ll then know how much it’s going to cost for the dfs and what % of the jv they will need to sell to pay for it…
This one?…
https://www.lse.co.uk/rns/KDNC/sonora-project-signs-lithium-supply-contract-5r092b3tau076c1.html …
if musk or tesla get their hands on our lithium the way lmoa is trying to go about it… they’ll never live it down… handling stolen goods…
Get up stand up…
https://www.gov.uk/government/publications/agreement-between-the-uk-and-mexico-for-the-promotion-and-reciprocal-protection-of-investments--2 …
Development Programme
Under the MOU, TCIDR will provide a final proposal to complete the Definitive Feasibility Study ("DFS"), and on completion of a successful DFS, will submit a fixed price Engineering Procurement and Construction ("EPC") contract for the Amapá Project. The DFS, EPC contract and any other services provided by TCIDR are subject to both the services being provided on a competitive basis and to PBA's and DEV's commercial evaluation and approval. TCIDR will be appointed the General EPC contractor for the Amapá Project once these approvals have been granted and the provision of TCIDR-facilitated project financing is secured. This will require the execution of legally binding documents.
Project Financing
Under the MOU, TCIDR will use its best commercial efforts to secure the required financing for the construction and re-development of the Amapá Project, including the necessary guarantees, project finance insurance and debt financing. In this regard, TCIDR is in discussion with SinoSure China Export & Credit Insurance Corporation and China Development Bank.
PBA, DEV and TCIDR will now develop a roadmap to seek to secure the financing for the DFS and subsequent project financing for the Amapá Project, and a fixed price EPC contract between DEV and TCIDR that will have the project finance, export credit insurance and credit support by TCIDR.
In October 2022, we increased this stake to 30%. At the end of the reporting period, the total investment was US$11.02 million, which, once fully converted to equity, will represent some 31.6% of the Amapá Project…