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12:13
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Originally posted by Deme:
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It isn't a revelation that the funds initially slated to fund the Kokkola expansion BFS (among other things) are no longer there after they 1/ paid down US$45m of the Mercuria loan facility. 2/ put the ICO on C&M. "Funding discussions for potential development of both a U.S. cobalt refinery and a Finnish refinery expansion are advancing with governments and industry partners, including automakers".
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If the US refinery went ahead (of which I’m not sure on timeframes) then yes that would make a lot more sense over shipping ore all the way to Brazil for refining. The geographic dispersion of the three assets was always somewhat challenging (especially when you consider their ESG angle), a point I remember @Ashentegra making very well.
(20min delay)