Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,163.62

0.22%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Delorean Corporation (ASX: $DEL) secures $30m funding for SA1 project

September 16, 2024
Author: Stock Piper

Delorean Corporation reaches financial close with Tanarra for $30m funding

Delorean Corporation Limited (ASX:DEL) has reached financial close with Tanarra for a corporate finance facility package of up to $30m, with the first $5m of funds received by the Company. This milestone enables the commencement of construction on the shovel-ready Build/Own/Operate (BOO) bioenergy projects SA1 and VIC1, with the SA1 Project expected to start in early Q2 FY25.

Executive Commentary on Funding and Strategic Pivot

Securing this funding is an incredible milestone in our history and represents an inflection point for the Company and its positioning as the leading Build-Own-Operate bioenergy developer in ANZ. The Tanarra package provides the foundation for unlocking the $500m+ of pipeline projects the Company has been preparing for some time. I would like to thank shareholders for their support and the Delorean team for their efforts which culminated in the securing of this important funding mechanism. We look forward to providing further updates on the development of the pipeline in due course.

Summary of Delorean Corporation's Financial Close with Tanarra

Delorean Corporation Limited (ASX:DEL) has successfully reached financial close with Tanarra for a corporate finance facility package of up to $30m, marking a significant milestone for the Company. This funding enables the immediate construction of the SA1 Project, Delorean's first build, own, operate plant, with expectations to commence in early Q2 FY25. The strategic pivot towards a BOO focused portfolio aligns with the annuity-based cash flow potential and subsequent ability to utilize this cash flow to support the development of other Bioenergy BOO projects. The securing of funding for SA1 is the first step in Delorean's $500m+ pipeline of Build-Own-Operate bioenergy projects, positioning the Company as a leading developer in the ANZ region. The Company expresses gratitude to shareholders for their support and looks forward to providing further updates on the development of the pipeline.

DELOREAN CORPORATION LIMITED

DEL | ASX | Utilities

0.1350(+0%)

At close 24/10 (AEDT)

Market cap

$29.7M

Volume

173,593

DY Yield

PE Ratio

52 Week Range

0.025 - 0.16