Yes, I see the REMC supply as a first step to getting some cashflow to further fund operations.
If they submit the prospectus to the ASX before the end of the year, I can see a bit of news flow from VHM, after IPO.
- AREM DFS
- Updated mining DFS, to reflect REMC & Zircon supply to Shenghe
- Hopefully binding offtake agreement with Shenghe (with some potential funding)
- ESS status/approval
- Grants submission response
And hopefully later,
- Debt/Equity funding arrangements
- Further offtake agreements
This will have to support the share price upon listing.
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VHM rare earths, page-178
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