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Strategies & Market Trends : Ride the Tiger with CD

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From: ralfph9/2/2025 10:39:07 AM
   of 312609
 
ARA - news... not earth shattering, but a positive.

U.S. International Development Finance Corporation ("DFC") has committed up to US$5,000,000 development funding for the Company's Carina heavy rare earths project (the "Carina Project") in Goiás, Brazil. Pursuant to the terms of DFC's funding, the Project Development Funds may be converted into equity of the Company upon the Company completing a single financing event of more than US$50 million, or multiple financing events totaling at least US$75 million within a period of twelve (12) months (in each case, the "Financing Event"), for the construction of the Carina Project. Upon the Financing Event, DFC will also have a preferential option to be mandated to directly provide and/or arrange for financing or investment in the Carina Project.
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