Mercury – Legal & Financial

Overall Progress

Capital Structure:

Construction Timeline:

Date Milestone
July 22, 2016 ·          Signature of Agreement between The Company and Ministry of Industry
August – February


·          Financial modelling and structuring of the financing
December 2016 ·          Land acquisition.
March 2017 ·          Set-up of project SPV in Kisangani and purchase of the mining rights
April – August 2017 ·          Quarry survey and determination of proven reserves and raw materials specifications
September –

December 2017

·          Debt and Equity raising
January 2018 ·          Start of construction
Coal Supply Contract ·          Commercial Operation Date
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