1st things 1st Sunresin have a Binding MOU for Paradox brine project and this is for the Lithium extraction technology only .
Check the 2022 announcement for the detail there is some but not a lot .
Yes there are other players here and I have no doubt they are perusing them at GR and I also have no doubts that Flemming is providing exceptional guidance when it comes to this also considering his lengthy ties to Lanxess who we know also do extraction media amongst others .
I feel that because Sunresin have been so supportive of ASN along the journey and ASN has gained an immense amount of intellectual property as a result that ASN will honour the binding MOU for Paradox .
As of the China part it doesn't flout the IRA at all Sunresin have no % ownership in ASN and their tech potentially is only 25% of the process and they have no access to product apart from selling it to LG in the US for US use in EVs , so heavily watered down IMHO .
Bruce has and is playing his hand exceptionally well here and out of all of this the "WHOLE TECH PACKAGE" is now call A1 LITHIUM tech - which Sunresin makes up a small portion hidden inside .
Say what you want but VERY VERY smart IMHO . Think what you like but I'm liking what I'm seeing unfold here VERY MUCH SO .
Warmest Regards TT
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