RE:NORTH AMERICAN Critical Minerals REFINERIES Being BUILT from GPH November 17, 2023 Q3/2023 IFS : On July 17, 2023, the Company was awarded a DoD Technology Investment Agreement grant of up to $37.5 million (the “Grant”) under Title III of the Defense Production Act, funded through the Inflation Reduction Act. The objective of the Grant is for the DoD to fund 50% of the costs to complete of the Graphite Creek feasibility study by November 30, 2024.
During the three and nine months ended September 30, 2023, the Company had made submissions to the DoD to draw down $8,907,605 from the Grant for reimbursement of DoD’s 50% share of the feasibility study costs of which $5,582,818 was outstanding. Subsequent to September 30, 2023, the outstanding balance was received.
***
- WHEN is it OUR TURN to RECEIVE DOD TIA GRANT FUNDING for the CRITICAL MINERALS COBALT and BISMUTH RESOURCES TO ADVANCE the NICO mine and Alberta metal refinery ?
z173