Taiko Critical Minerals Secures Up to NZ$20 Million New Zealand Government Backing

Taiko Critical Minerals (NZE:TCM) said the New Zealand Government offered up to NZ$20 million in financial assistance for the NZ$40 million wet separation plant planned for its Barrytown Critical Minerals Project on the country's West Coast, according to a Monday filing with the New Zealand bourse. The company is in discussions with government officials to finalize the structure, terms, and conditions of the proposed funding, with shareholder approval expected to be required before entering into a binding funding arrangement, the filing added.