Following the announcement of the Project’s Feasibility Study (" FS ") results on 20 September 2022, GoviEx has been working with its financial advisors, Endeavour Financial (" Endeavour "), to develop the optimum financing solution for the Madaouela Project.
The initial phase involved Endeavour reviewing the FS technical and financial information and issuing a Project marketing document to prospective financiers to solicit interest in providing project related debt financing.
This initial phase is now complete and has resulted in a preliminary short-list of approximately 20 institutions who will now move forward with the detailed due diligence phase. Prospective project financiers include a mix of commercial banks, export credit agencies, development finance institutions, equipment suppliers and alternative finance providers.
Daniel Major, CEO, commented: "We view the initial results from the project financing progress with Endeavour as very encouraging which we believe underlines the positive technical and financial results from the FS and the […]
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