There we go. International lead and zinc smelting company, Toho...

There we go.

International lead and zinc smelting company, Toho Zinc to invest $90M for a 40% ownership interest in Galena’s currently wholly-owned subsidiary AMPL, which owns Abra Base Metals Project

• Toho to assist AMPL to potentially procure a contribution to project financing debt through the attractive programs available from policy financing for Japan-related projects

• Toho and Galena each have a right to off-take their percentage share of Abra production on arms-length, benchmark terms, and then on- sell to third-parties

• Initial tranche of $20M to be paid on closing of the transaction and a further $10M to be paid on completion of the Abra DFS, with these tranches mainly applied to commence Abra project development works

• Final $60M tranche to be paid on confirmation of project financing debt

• Abra permitting and DFS works remain on-track and results of PFS optimisation expected to be released in coming weeks