EcoGraf Announces Key Milestone in Epanko Debt Financing

EcoGraf Limited has announced a significant development in its Epanko Graphite Project financing. The German Government Inter-Ministerial Committee (IMC) has given a non-binding preliminary review indicating eligibility for the Untied Loan Guarantee Scheme (UFK) for a loan of up to US$105 million.

Managing Director Andrew Spinks highlighted this preliminary review as a crucial milestone. EcoGraf has engaged KfW IPEX-Bank for advisory and structuring services to obtain UFK cover and arrange the senior debt facility. The UFK program, backed by the German government, aims to develop critical mineral projects.

Satisfying environmental and social standards is imperative for the UFK program. EcoGraf's Epanko project is aligning with the Equator Principles, International Finance Corporation Performance Standards, and World Bank Group Guidelines to ensure high Environmental, Social and Governance standards.