Dustin Shindo, chairman and CEO of Hoku, said the stock sale and subsequent financing agreements close a crucial funding gap for the Pocatello project, which had been slowed over the past year by shortfall of between $106 million and $121 million.
Full scale construction at the Pocatello plant is set to resume, and equipment that had been placed on hold pending Hoku’s receipt of financing is on its way, the company reported.
Read the full article from the Idaho Business Review by clicking here.
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