Ann: Trading Halt, page-10

Not surprising- was always going to be tough for Talga to make the funds last until post Q1 2023, when the Debt Financing and Mitsui Strategic Partnering decisions are timed to be made.

Looks like the raise will not involve a Retail component, which is probably a good thing (even though I miss out). I was personally hoping it may be an auto company or battery cell maker taking a stake, rather than the usual Insto's who dump soon after to make a quick buck. Mark is typically very careful with funding decision, so I will reserve judgement until I see who the placement is going to and at what price.

The other reason they need the funds now is recall Mark stating they want to see how big the deposit can go to inform the Stage 2 expansion stage. So, on the back of this funding raise, I suspect we'll see more $$ going into drilling to take the planned expansion well beyond the current Niska 100,000tpa proposal.