Donald Project to Receive Financial Support
The Donald Project, a joint venture between Energy Fuels and Astron, has been granted a conditional and non-binding letter of support from Export Finance Australia (EFA) for senior debt project financing of up to A$80m ($52m).
The total funding requirement for the rare earth and mineral sands project is estimated to be around A$520m ($337.68m).
The EFA’s letter is contingent upon satisfactory due diligence outcomes and regulatory approvals.
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Author's summary: Donald Project gets financial support from Export Finance Australia.