AMAL announcements and articles, page-9

TAW and AMAL have some serious institutional backers who could easily shore up any shortfall in funding from offtake prepayments. We also have this mystery shareholder who backed up Lithco in setting up the JV, from initial JVA announcement (3/6/2016):

"Upon completion of: (i) the Expenditure Commitment; (ii) the Capital Expenditure; and (iii) the capital raising exercise in the Company for an amount of not less than S$5,000,000, in which a shareholder of Lithco would be involved (“Capital Raising Exercise”), Lithco will be entitled to a 50% interest in the Project and the Company will continue to hold the remaining 50% legal and beneficial interest in the Project. "

It'll probably be a mix of private placement and SPP.