Worth pointing out, the mining permit dragging on shouldn't realistically delay the production of anode once the plant is actually up and running, there's a big buffer of time. My understanding is the plant won't be producing until 2025 (somebody correct me if wrong, but I believe 2025 was the target). So right now the mine probably won't be the bottleneck, that will be the anode plant. But unfortunately any permit delays won't do the SP any favors.
Consensus here seems to be that the additional financing probably won't be inked in until the permitting process has run its full course. That might be the biggest impact from this? How is the anode plant being funded, part cash, part EIB loan? Depending on how long the mine permit drags on, it's definitely right to question if Talga will be forced to do another CR.
As for offtake agreements, they can, and do, sometimes include clauses with wording around successful mining permits/mine construction, so I honestly don't think the permits are whats holding up offtakes. If [this video] is anything to go off, then Talga is likely in a price war. Struggling with customers who are unwilling to pay DFS prices for anode. The customers are preferring synthetic AND the prices of synthetic are down (See NVX's latest estimate as low as 7k/t for synthetic). We're lucky TLG's cost to produce will be so low, because there's plenty of other companies/projects that are looking borderline uneconomical right now.
Just 2c
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