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Delorean Corporation Ltd ( (AU:DEL) ) has shared an announcement.
Delorean Corporation Ltd has secured a $14.5 million bank loan facility from National Australia Bank to support the construction of its SA1 Salisbury Bioenergy Project in South Australia. This funding milestone marks Delorean’s first engagement with a major Australian bank, potentially paving the way for broader financing opportunities across its clean energy infrastructure portfolio. The loan will refinance part of Delorean’s existing corporate finance package at a lower cost, allowing the company to redirect funds towards other bioenergy projects. This strategic move is expected to accelerate the rollout of Delorean’s renewable gas projects, aligning with the increasing demand for renewable energy in Australia.
More about Delorean Corporation Ltd
Delorean Corporation Ltd is a company operating in the renewable energy sector, focusing on the development and operation of bioenergy projects. The company is involved in building, owning, and operating bioenergy facilities, with a particular emphasis on renewable gas projects in Australia.
Average Trading Volume: 172,760
Technical Sentiment Signal: Buy
Current Market Cap: A$36.35M
For detailed information about DEL stock, go to TipRanks’ Stock Analysis page.