Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-79

It’s not rocket science people.

NVX: applies for grant
DOE: you must be able to match our grant, dollar for dollar
NVX: can do
DOE: announces grant for NVX
NVX: still has money available to match the grant and grant is formally approved

For people spreading misinformation about the 800 million extra that is required for scaling, of course NVX doesn’t have this money available now. If you do some reading, Chris has stated publicly that this will be acquired through other means:

”We are in advanced discussions with customers who are looking at financing options, prepayment or debt arrangements to support financing the plant and securing offtakes for when that plant comes online,” Mr Burns told The Australian Financial Review.“We are looking at funding arrangements that range from tens to hundreds of millions of US dollars in different forms, be it equity, prepayment or debt structures that will be coupled with long-term offtakes. If we sign an offtake over five years for these materials, we are talking about multibillion offtake contracts.”