Resources Review’s Post

Wow! Largest investment to date. The NRF commits $200 million to Arafura Rare Earths Limited for critical mineral mining in NT.

Our sixth investment announced !!! At the National Reconstruction Fund Corporation we have made a cornerstone $200 million investment in Arafura Rare Earths, which is to fund the development of the Nolans NdPr project in the Northern Territory. Our priority area “value-add in resources” and minerals processing, and will boost the GLOBAL supply of rare earth minerals.

The National Reconstruction Fund Corporation announces a $200 million investment commitment in Arafura Rare Earths Limited towards their 'Nolans Project'.   Read more here: https://lnkd.in/gXFKQ62S

New Post: PNG Investment Conference: A Bright Future for Resource Development and opportunities beyond - Sydney hosted the 2024 Papua New Guinea (PNG) Investment Conference, attracting investors to explore PNG's diverse economic opportunities, including mining, agriculture, and energy. A key highlight was Bougainville's focus on sustainable development, especially regarding the potential reopening of the Panguna copper mine and the introduction of Starlink internet. Discussions emphasized PNG's power issues and the government's initiatives to enhance energy infrastructure and attract foreign investment. Notable announcements included the partial privatization of PNG Power and the Pasca A gas project, promising significant economic benefits. The event showcased PNG's potential, with a strong emphasis on collaboration and investment opportunities across various sectors.https://https://lnkd.in/dv7ns4wN Read the full article here https://lnkd.in/dk3RFxqA #Venturecapital #VC #investment #LP #Limited Partner

[Member News] Arafura Rare Earths Limited (ASX: ARU) announces A$200 million investment commitment Arafura Rare Earths has secured a significant A$200 million investment commitment from the National Reconstruction Fund Corporation (NRFC) to support the development of the Nolans Project in the Northern Territory. The funding will be provided through unsecured convertible notes, which are expected to facilitate the project’s final investment decision in the first half of 2025. This investment highlights the strategic importance of rare earth minerals for modern economies, with NRFC Chairman Martijn Wilder AM emphasizing their role in the global transition to net zero. "Arafura’s Nolans Project demonstrates the enormous contribution that Australia can make to the global supply of rare earth minerals and the considerable opportunities for Australia to add value to the raw materials that it mines.” he said. Arafura’s Managing Director, Darryl Cuzzubbo, expressed confidence that this deal will significantly de-risk the equity funding required for Nolans and strengthen Australia’s position in the rare earths sector. The Nolans Project is poised to become Australia’s first ore-to-oxide rare earths processing operation, further enhancing the Australia-Korea relationship through the supply of critical materials essential for both countries’ industries, particularly in energy and technology. For more information: https://lnkd.in/gXpeBQsk <Photo credit to Arafura Rare Earths>

Mayur Resources (ASX:MRL) is pleased to announce that ACAM LP and other investors (collectively, Investors) have entered into definitive transaction documents with the Company to subscribe for US$10M of Convertible Notes. Pursuant to the Notes Documentation, there is a framework subject to conditions precedent, the Investors will provide an additional US$40M of equity funding to Mayur and its Central Lime Project (CLP) in Papua New Guinea. The commitment from the Investors underlines the potential of the Central Lime Project, which is underpinned by a long-life, high-quality resource that is centrally located on the doorstep of fast-growing and supply constrained Asia-Pacific markets. The US$10 million Notes financing will provide funding for CLP construction activities, retirement of existing debt and working capital. The remaining conditional investment commitment of US$40 million will be used to progress the CLP to full scale commercial production, which is scheduled to commence 18 months from Final Investment Decision. Lime is a fundamental ingredient across a huge range of industries, with limited viable substitutes, and plays a critical role in the conversion of critical minerals and metals to clean energy and battery-ready materials. Lime also plays a significant role in protecting the planet from the harmful effects of acidification and maintaining the productivity of many of our agricultural lands. This strategic investment supports PNG’s goal of reducing its reliance on lime imports and positions the country as a potential hub for industrial materials in the Asia-Pacific region. Richard Pegum, Chairman of Mayur Resources said: "We welcome the commitment of the Investors and look forward to progressing to unconditional funding of the Central Lime Project. The US$10 million Convertible Note will see the retirement of third-party debt and provide the necessary runway for our corporate and construction program, while we work towards considering a Final Investment Decision (FID) on the Central Lime Project.”   https://bit.ly/3Y8gzN9

#BUSINESS: The size of the Central Lime project investment by Mayur Resources and its partners shows confidence in the country as a place to invest and do business, according to PNG Chamber of Commerce and Industry. Read more here: ( https://lnkd.in/gigNTzXA )

“European Investment Bank to support Plagazi’s Köping #HydrogenPark ” April 24, 2024, - Aida Čučuk “Cleantech company Plagazi has revealed that the European Investment Bank (EIB) will provide financial advisory for the Köping Hydrogen Park in Sweden.” “According to Plagazi, the services will be provided free of charge and will pertain to financial advisory for the project development of the park.” “”This support, comparable to a grant, will provide invaluable expertise to the development of Köping Hydrogen Park when it comes to furthering the project financing, and is an incredible enabler for Plagazi’s potential as a pioneer in the #wastetohydrogen market and #hydrogentransition as a whole. Having EIB onboard as advisor in this capacity will ensure that the project continues to head in the right way when it comes to securing financing in a challenging climate,” Plagazi said.” “Gustav Granberg, CEO of Plagazi, stated: “Securing advisory services from EIB in this capacity is an incredible milestone for KHP and Plagazi as a whole. In a currently globally challenging financing climate for #sustainable and #renewableenergy projects, this is a huge vote of confidence for the promising contributions that KHP and Plagazi will make in the #hydrogenmarket once the project becomes operational. We are grateful and excited to be working closer with EIB for the financing process for KHP and to further learn from their expertise.”” “To note, Köping Hydrogen Park is expected to annually produce 12,000 tonnes of #greenhydrogen from 66,000 tonnes of #nonrecyclablewaste and provide the Köping municipality with 10 MW of #districtheating .” “In May 2023, Plagazi announced a collaboration with services provider Petrofac on the development of the project. Specifically, it was revealed that Petrofac’s Engineering and Consultancy team will assist Plagazi in establishing and defining the plant battery limits in addition to refining the plant design.” https://lnkd.in/eEuNiUcb? Source- original post Read all my posts #MariusPreston

EBRD and EU launch joint equity investment facility for critical raw materials: “💶Facility worth €50 million expected to mobilise another €50 million, Investments to support digitalisation and the green transition ♻️ The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a joint facility to provide equity investments for the exploration of critical and strategic raw materials, aiming to mobilise up to €100 million in investments. These raw materials are essential to the EU’s digital and green transition. The EU is developing sustainable projects for critical raw materials to reduce the risk of potential supply-chain disruptions. This will ensure that industrial sectors have the necessary resources while maintaining EU environmental and social standards. The new joint facility will support the objectives of the EU’s Critical Raw Materials Act and the REPowerEU Plan.”