Avanti Signs Molybdenum Offtake Agreement with TKMetPro,2013-II

US$300 million of the total molybdenum project  finance facility needed for the development of the Kitsault mine.”Shares of Avanti rose as high as $0.07 when the news was released ; it is currently trading at $0.06.

At the price assumptions Avanti reported in its updated NI 43-101 feasibility study, released in February, the deal represents around US$2.7 billion of potential revenue.

They  look forward to concluding the discussions with potential Asian partners for a similar transaction in order to assist in the completion of the debt financing for the project.

As a result of the deal, Avanti has now been able to formally apply for an “Untied Loan Guarantee” from the German government. It hopes to receive .


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