RE:RE:RE:RE:RE:NewsJust to reiterate a bit on the NR.
This NR is the key NR that we have all anticipated over the years, due to the fact that Almonty has closed all 110 conditions set by KfW in the signed contract.
Till date one could have considered the contract as temporary and not fully confirmed, since KfW could have backed out anytime should one of the conditions not be met. Not a must, but they could have simply said, nope, if they wanted to.
This of course would have been a major blow for the company and shareholders, this risk is now not relevant anymore.
Now that Almonty has the signed confirmation from KfW that they have met all those conditions, the contract has become irrevocable.
It is only now that we have an irrevocable financing and offtake (was already in place) in place.
Now its business as usual in project terms and up to management to conlucde all the construction / commissioning activities. The money drawdowns will come and are really no big deal anymore, they will be conducted as per the cash flow requirements.
All the contractual framework has now finally been put in place.