EVOLUTION MINING will LOAN $ 30 million to NILIWith the FANTASTIC RESULTS of this morning we are assured that Evolution Mining will become our partner and will loan NILI $ 30 million for year 2025 to bring inferred to indicated and measured + PFS.
NILI was approached by many different parties wanting to make a deal with them. Intense negotiations are set to be concluded once PEA economics has been established so that a proper price can be put on the overall project.
There are several potential bidders, among them Telsa, LAC, Evolution Mining, Hyundai from South Korea, etc..
Negotations also will start with USA government for loans for this project.
I believe that the most motivated of these players will be Evolution Mining as they are sitting on 75% of the private lands and, they have a mega deposit right under their feet without having spent a cent in drilling.
I think deal will be made with Evolution Mining, not in shares but either as a loan or partnership deal, for $ 30 million in CASH by end of Dec 2024.
Good Luck to Everyone,