The way they finance projects is by creating JV to explore mining tenements they have.
The JV are usually very productive for little capital outlay.
The last time they did this they made $200 million for an outlay of $3 million.
By doing this they fully de-risk their projects and are fully financed without CR.
Sooooooooo...Barrambie anyone?
Ann: Lithium Battery Recycling Update, page-5
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