Hyundai and Kia, has been suggested as providing equity - so your sneeze suggestion may not be far fetched. Apparently, they have not been involved in this sort of arrangement with early supply chain miners previously.
Ie each party is contributing to the build for their offtake opportunity.
For instance The Canadian government will add circa $400m debt, for the GE offtake. Strangely debt has been announced, yet no offtake… another long story/headache.
To date, Hyundai for their offtake have only supported via Kexim - a debt guarantee - so basically nothing. So, expect something reasonable.
Again, I can only draw an Assumption, but speculate they will be a large contributor to equity along with POSCO. Otherwise, they will activate another of the 191% they claim in this supply deficit scenario - that I have been shown the modeling and personally agree with ARU.
I understand you don’t have much connection to ARU, so these links around deficit/offtake/ and funding would not be known to you or you would not have known the history here.
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