Alliance Nickel Secures Conditional Finance Support for NiWest Project

Alliance Nickel Limited (ASX: AXN) has received conditional financial support from Export Finance Australia (EFA) for its NiWest Nickel-Cobalt Project. EFA, Australia's export credit agency, aids critical minerals projects and infrastructure development. The agency manages the Australian Government's $2 billion Critical Minerals Facility, aligning with Alliance's strategy to become a leading Australian producer of EV battery precursor products. EFA's support, subject to board approval, may evolve into a binding agreement after due diligence, lender support, and customary financing terms. Discussions are also underway with a second Export Credit Agency (ECA) for additional capital and supply contracts. The debt funding process, guided by Blackbird Commodity Partners, is in progress.

Alliance's next steps involve completing the NiWest Definitive Feasibility Study and further due diligence alongside syndicate lenders. EFA's commitment hinges on conditions like due diligence completion, strategic offtake partnerships, equity raising, and funding from other lenders. The company is also in talks with a second ECA and domestic and international banks regarding capital and supply contracts. This development aligns with Alliance Nickel Limited's goal of becoming a significant player in the EV battery market.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com