Jul. 1 at 7:02 PM
$AUGG
US government looking at potentially funding the Reward Project..."equity rerate" = price could go much higher
Augusta Gold received a Letter of Interest from EXIM Bank for
$50 million financing.
The Reward Project aims to boost U.S. mineral production and local economic growth.
"We are excited to advance our collaboration with EXIM to secure long-term, competitively priced financing for construction and development. Coupled with the EXIM direct loan we are also negotiating to secure high-quality capital in the least dilutive way to fully fund construction at Reward, which should drive an equity re-rate."