Chilean Cobalt Corp. announced it has received a non-binding Letter of Interest ("LOI") from the Export-Import Bank of the United States ("EXIM Bank") for a potential debt funding package of up to $317,400,000 with loan tenor of up to 15 years to fund development efforts within C3's mining concessions that comprise the La Cobaltera cobalt-copper project located within the San Juan District in northern Chile, as well as other mining concessions within this region the Company may acquire. This debt funding is part of EXIM Bank'sChina and Transformational Export Program ("CTEP"), an initiative designed to help American companies facing competition from the People's Republic of China ("PRC") in sectors including Renewable Energy, Storage, & Efficiency, and may be eligible for special consideration under Section 402 of EXIM Bank's 2019 reauthorization (P.L. 116-94).
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5-day change | 1st Jan Change | ||
1.25 USD | +6.38% |
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+25.00% | 0.00% |
1st Jan change | Capi. | |
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0.00% | 5.11Cr | |
+27.71% | 8.53TCr | |
+16.21% | 7.17TCr | |
-.--% | 2.92TCr | |
+38.22% | 969.23Cr | |
+8.04% | 898.19Cr | |
+16.98% | 851.08Cr | |
+5.42% | 758.97Cr | |
+24.67% | 582.47Cr | |
-39.11% | 559.52Cr |
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- Chilean Cobalt Corp. Announces Receipt of USD 317 Million Letter of Interest from US Exim Bank