Does anyone have any insight in what the specifics might be of "ongoing development of key downstream markets"?
Not sure how much more funding was needed for the electrolyte plant that is co-funder by the government. Some funds from the raise could be to progress that. Maybe fund feelers going out overseas for future offtake in the steel industry? Or as some have mentioned, maybe some plans to develop the VRFB business and needing $.
It's interesting wording and presents some positive possibilities, but interesting that it seems to point away from the mining side without a mention like 'and to progress activies related to development of the world class *nintha mine'... On a positive guess, options and current funds have that covered and Vince has some plans outside of that which need a lot more money in the coffers...
Will be intereating watching over the next 6 to 12 months as we need continual pressure on governemnt to adopt this green energy storage thing and Vince is leading that...
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