RE: RE: RE: $2 Million Stand-by Credit Facility Interesting article posted by polo, which can be read in its entirety here:
https://www.theenergyreport.com/pub/na/15061
An excerpt regarding Rodinia:
Rodinia Lithium Inc. (RM:TSX.V; RDNAF:OTCQX, Neutral, Speculative Risk, Target CA$0.50) has its flagship project in the province of Salta, which has a history of lithium mining and is home to FMC's Hombre Muerto lithium brine project. Given the challenging financing environment for early-stage developers, progress here has been slow as Rodinia's management is focused on preserving cash until there is a committed strategic party at the table, which is not imminent in our view. The recently announced credit facility will help fund a resource update and the feasibility study. However, we remain cautious on this story.
Of course the author doesn't say why they don't feel there will be a strategic partner soon.
Is there more recent news from Western Lithium than their announcement from February 5th? They secured $20 million in financing by selling 8% royalties, information is here:
https://www.marketwire.com/press-release/western-lithium-arranges-us20-million-royalty-financing-oilfield-drilling-additives-tsx-wlc-1753195.htm
Pretty nice deal, they've only given up 3.5% royalties for the life of the project after the $20 million is repaid.