Sep. 8 at 3:32 PM
$NB key takeaways:
-Drilling results mid to late October
-Confident drilling results will be positive based on the progress thus far.
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$400M in equity needs to be raised based on EXIM 60% loan.
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$100M already raised and some of it already spent on preconstruction activities. The funds spent count towards the equity.
- In talks with Stellantis for major offtake agreement AND equity stake.
- In talks with Pentagon for offtake agreement to support 6th generation aircraft.
- expecting EXIM approval late 2025 or early 2026
-on track to start construction Q1 2026
-Confident