General Discussion Topics, page-120608

You seem to be a little confused. It will be entirely possible for them to fund say the NAL carbonate plant and Authier project (which are both joint ventures 75/25) with the revenue and profit generated by the NAL JV.

Moblan however is not part of the Sayona Quebec subsidiary anyway and is therefore not part of the same joint venture just so you understand. Sayona owns 60% of Moblan through the separate subsidiary Sayona Nord. This large project will most likely quite clearly require independent financing, goverment grants and/or a strategic partnership with investment. You also seem to not be aware that 40% of capex for Moblan comes from SOQUEM which is a wholly owned subsidiary of the Quebec government. Likewise, Piedmont is required to pay for 25% of any capex requirements for Sayona Quebec's joint ventures with NAL and Authier.

I hope that helps to explain things a little for you.

Using your rather misguided logic, how then does any company fund any project may I ask?