DNK released an anouncement today that a US$200m debt finance mandate had been executed
This is the major step in securing the funding to build the mine to get that 1.1b tonnes of high value SOP out of the ground
Once in production this mine will be making lots of $$$$ and SP will be higher by miles
Relevance to E25 you ask? E25 still owns 8.3 million DNK shares for which they only paid about an avergae of 30c per share
Todays price 79c ..but once the funding solution has been fully iced...it will be north of a 1$
That is a alot iof liquid assett backing E25 ..and one they can tap every now and then to fund the PFS etc until hopefully we do the same and get a mine built and into full scale high purity manganese production earning $$$
US$200m debt finance mandate executed
• Debt finance mandate executed following signing of US$200M term sheet
• African development financial institutions Afreximbank and AFC will act as Mandated Lead Arrangers
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DNK Debt Finance Announcement
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