KNL has been sitting in the doldrums for a while. However a few things happened in April. They raised some more cash, directors actually bought shares as well.
An updated study of their EcoGraf development as the company plans to fast-track the commercialisation of its proprietary battery (spherical) graphite purification technology. The Company updated that 20,000tps engineering study to produce battery (spherical) graphite for the lithium-ion battery market confirms the key aspects to support development and commercialization.
And KNL also has signed a new agreement with German KfW IPEX-Bank for debt funding of the Epanko Graphite Project. Recent improvements with the Tanzanian Ministry of Minerals have provided an improved investment outlook in Tanzania. KfW IPEX-Bank and Kibaran will now proceed to complete lender credit review processes and prepare the application for the German Government Untied Loan Guarantee scheme through Euler Hermes AG that supports the proposed senior debt funding package for Epanko.
An updated study of their EcoGraf development as the company plans to fast-track the commercialisation of its proprietary battery (spherical) graphite purification technology. The Company updated that 20,000tps engineering study to produce battery (spherical) graphite for the lithium-ion battery market confirms the key aspects to support development and commercialization.
And KNL also has signed a new agreement with German KfW IPEX-Bank for debt funding of the Epanko Graphite Project. Recent improvements with the Tanzanian Ministry of Minerals have provided an improved investment outlook in Tanzania. KfW IPEX-Bank and Kibaran will now proceed to complete lender credit review processes and prepare the application for the German Government Untied Loan Guarantee scheme through Euler Hermes AG that supports the proposed senior debt funding package for Epanko.
KNL appears to be moving forward again.
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