Ann: March 2023 Quarterly Activities Presentation, page-128

To quote Stephen:
”I think the key there is understanding the size of the effective size of that grant post tax compared to the CapEx requirement and understanding what conditions and ability to put other funding alongside a grant might look like compared to what we know about the DOE loan process, the ATVM loan process that we're already working through.So, as per comments earlier in the call, the DOE loan application that we've put in alongside the grant is for a higher amount than what would be effective from the grant. And we'll work through those processes with the DOE and understand what options may be available to us and obviously we're also looking at other funding options in conjunction with those for the full capital amount”.
I don’t believe the loan will attract any tax, hence the reason a bigger loan may be a more flexible option. They are also looking at “other funding options” not sure if they mean some other option from the convertible notes.