Nova Minerals Says It Has Executed Variation Agreement With Largest Institutional Shareholder And Convertible Note Holder Nebari Gold Fund 1 To Reduce The Month End Cash Covenant Required Under Previously Announced Loan Agreement Dated 21 November 2022
Nova Minerals Says It Has Executed Variation Agreement With Largest Institutional Shareholder And Convertible Note Holder Nebari Gold Fund 1 To Reduce The Month End Cash Covenant Required Under Previously Announced Loan Agreement Dated 21 November 2022
Nova Minerals has executed a variation agreement with its largest institutional shareholder and convertible note holder Nebari Gold Fund 1, LP (Nebari) to reduce the month end cash covenant required under the previously announced loan agreement dated 21 November 2022 from US$2m to A$1m, and with the option to extend the convertible facility for a further 12 months out to 29 November 2026. In addition to the recent US NASDAQ listing, the freeing up of this additional ~A$2m gives the Company the ability to accelerate the RPM early start up option to a Feasibility Study (FS) for delivery in 2025 by undertaking internal optimization studies aimed to investigate how it can potentially generate as much early cashflow as possible to organically fund the Company's expansion plans across the Estelle Project. It also gives the Company the ability to continue its advanced discussions with the US Dept. of Defense (DoD) in relation to potentially establishing a starter antimony operation at Stibium in parallel.
Nova Minerals已經與其最大的機構股東和可轉換票據持有人Nebari Gold Fund 1, LP（Nebari）簽署了一份變更協議，將之前公佈的貸款協議中的月底現金約定金額從200萬美元減少到100萬澳元，並具有將可轉換融資額度延長12個月至2026年11月29日的選項。除最近在美國納斯達克上市外，這額外的約200萬澳元讓公司有能力加速RPm的早期啓動選項，以在2025年前進行可行性研究（FS），通過進行內部優化研究來探討如何儘可能地產生早期現金流，以有機地資助該公司在Estelle項目中的擴張計劃。它還使公司有能力繼續與美國國防部（DoD）就在Stibium平行建立創業銻操作的可能性進行先進的討論。
