I just checked out an SEC Filed report from Piedmont regarding presentation materials. It states that 2024 milestones for the Sayona Quebec operations is to 'Secure JV-Level funding to reduce JV capital calls". This to me implies two things:
1) Piedmont sold the shares to fund their portion of the JV capital Calls. [This reduces the fear of issues at Sayona Quebec and can even be led to interpret that the operations don't anticipate slowing down].
2) The funding that could be referred to would come from a likely offtake partner, additional partner to fund downstream, and/or government funding to support the investment needed to go downstream.
If I combine this along with the upcoming 'in short order' $4 billion funding previously discussed with Ivestissement Quebec in late 2023, I would imagine things are coming together slowly but surely to fund projects of Sayona's caliber. (Not a guarentee of funding source for Sayona)
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