Lindian Resources (ASX:LIN) signed a term sheet with Gerald Group for a proposed $50 million funding and offtake package, to support capital and operational costs at its Kangankunde Rare Earths Project in Malawi, East Africa, according to a Monday filing with the Australian bourse.
The term sheet outlines Gerald's funding through equity, convertible instruments, and prepayment loans, to be partly repaid with the supply of monazite concentrate from the project, under an offtake agreement, the filing said.
In exchange, Gerald is expected to receive full offtake rights for monazite concentrate from Phase 1 of the project and partial rights from Phase 2.
Lindian is finalizing negotiations and completing Gerald's due diligence process, the filing added.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。