Thanks for the correction. Have to say that looking across the sector there’s a huge range of methods for funds flowing to miners.
As far as I can see, LTR only ever received funds for their offtakes via the Ford debt facility attached to their offtake). But LG and Tesla never provided any funds.
Maybe I’ve missed something over there as well…still need a few more hours reading back over years of ANNs.
This totally contrasts with GT1 who have a mediocre deposit but somehow squeezed LG for $20m. Why would an offtake partner feel the need to give GT1 funds but not LTR.
Banter and general comments, page-36360
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