7th April RNS4 Jun 2020 09:31
Potential Strategic Partner
As announced on 11 December 2019 and in the update provided on 27 February 2020, the Company remains in discussions with a potential strategic partner for the Project. The scope of these discussions still includes a potential asset-level loan, a potential coal mining agreement and a potential coal marketing agreement. These discussions are progressing, with a number of key commercial terms now agreed in principle. Whilst the pace has been slower than originally envisaged given the effects of the Pandemic and the subsequent restrictions it has imposed on travel, Edenville's Directors remain optimistic that a deal can be concluded in Q2 2020.