Sep. 3 at 2:10 PM
$VLTLF Company now has plan that they have disclosed to shareholders in terms of how they intend to finance the development of the lithium extraction plants. Let’s see if they can execute the plan. Need to move to binding agreement.
Endurance is an Israeli operation, they are newer in corporate credit but their team has deep experience. This is a move in the right direction for a company that NEEDS project financing. It would not be unusual for an Endurance type outfit to have secured a 6 figure retainer (creditable against fees contemplated upon closing) in order to table the non binding agreement and to perform preliminary due diligence.
These are excellent credit professionals, meaning, any deal will be structured favorably vis a vis the lender. They also have the capability to bring more mainstream investor/lenders on board.
In any event, deal or no deal, I doubt that they will walk away empty handed.
Final thought. Liberty Stream is facing a tsunami of REAL DD the next while NIA
