Brief: Betolar Wins Rights To Utilize Titanium-Bearing Tailings
BRIEF-Betolar Wins Rights To Utilize Titanium-Bearing Tailings June 23 (Reuters) - Betolar Oyj BETOLAR.HE:
BETOLAR SECURES EXCLUSIVE RIGHTS TO UTILIZE TITANIUM-BEARING TAILINGS FROM THE OTANMÄKI MINE AREA AND ENTERS INTO A LETTER OF INTENT WITH SCALEWOLF FOR FURTHER PROJECT FINANCING
TO PAY €1 MILLION FOR EXCLUSIVITY, COMMITS TO €0.5 MILLION ANNUAL PURCHASES
SECURES EXCLUSIVE 20-YEAR RIGHTS TO 10 MILLION TONNES TITANIUM-BEARING TAILINGS FROM OTANMÄKI
ESTIMATED METAL VALUE FROM TAILINGS EXCEEDS €7 BILLION AT FULL PRODUCTION SCALE
SCALEWOLF COMMITS TO €3 MILLION INVESTMENT IN BETOLAR FINANCING ARRANGEMENT
SIGNS NON-BINDING LETTER OF INTENT WITH SCALEWOLF FOR PROJECT FINANCING
Source text: ID:nWkr3g9SjH
Further company coverage: BETOLAR.HE
(Gdansk Newsroom)
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