Phosphoric Acid, Phosphates & Fertilizers Experts

AGUIA SIGNS MOU WITH NEBARI US TO PROVIDE THE DEBT PORTION OF FUNDING FOR TRÊS ESTRADAS DEVELOPMENT

Brazilian fertiliser developer Aguia Resources Limited (ASX: AGR) (“Aguia” or “Company”) is pleased to announce that it has entered into a Non-Binding Memorandum of Understanding (MOU) with Nebari US (“Nebari”) to provide up to 100% of the financing required for development of Três Estradas via commercially priced debt.

Nebari is based in New York City. The organisation is headed by an experienced team of mining professionals with experience working at organizations such as Glencore/Xstrata, Rio Tinto and Newmont as well as finance professionals with experience from JPMorgan, Perry Capital and McKinley Capital. Nebari primarily focuses on the mining industry and invests in debt, equity, convertibles, offtakes, streams and royalties. The founding team also has experience in marketing physical commodities. Nebari invests with a long-term time horizon and seeks to build constructive relationships with management teams.

Nebari can provide debt financing for up to 100% of the capital required to construct Três Estradas. Definitive agreements would be conditional upon negotiation of final commercial terms, satisfactory due diligence and would require the successful completion of the current Bankable Feasibility Study, obtaining all necessary permits to build the project, and finalisation of appropriate off-take agreements. Nebari plans to work closely with Aguia on the development of Três Estradas, providing flexibility, competitive cost of capital, and optionality for the Company.

Aguia’s Managing Director Justin Reid commented: “Following extensive due diligence, we are very pleased to sign this MOU with such a well-regarded and highly experienced resource sector investment group in Nebari. The professionalism of Nebari’s team and their deep understanding of capital financing and their commodity expertise provides a solid cornerstone partner for our Company as we move towards commercial development.

“Having sufficient funding gives Aguia the confidence that it will be able to execute on its development plans as the Company advances Tres Estradas through to production. It delivers further value for our shareholders and is again excellent validation of the Três Estradas project.”

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