Delorean Corporation Ltd (AU:DEL) has released an update.
Delorean Corporation Ltd has secured a $30 million finance package from Tanarra Restructuring Partners to kick off construction of its bioenergy infrastructure projects in Australia. The deal includes a $5 million tranche for working capital and a $25 million tranche to fund the SA1 project, with flexibility to redirect funds to future projects. This strategic move is set to bolster Delorean’s position in the renewable energy sector and drive shareholder value through its build, own, operate project model.
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