On February 18, 2025, the board of directors for Waterberg JV Co. unanimously approved an interim budget of Rand 42 million, equivalent to approximately $2.27 million at the time. This budget is designated for the continuation of work programs for the Waterberg Project.
The interim budget will cover the period ending approximately August 31, 2025. It includes components of the $21.0 million pre-construction work program that was approved in principle for the Waterberg Project on October 18, 2022.
This approval ensures that critical pre-construction activities and engineering preparations for the Waterberg Project can proceed without interruption, supporting the company's objective to advance towards a development and construction decision.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.