Yep, here’s the source. You can never say never though. They made this comment back in August 2023 when the lithium price environment (and many company valuations) were very different to now. Personally I suspect they have their hands full with Teck for now, but you can’t rule these things out. One of their strategies for extending the financing might be a call option on the resource, i.e. if the debt is senior secured and Galan run into strife, Glencore would get it that way.
Ann: HMW Pond 1 Evaporation Process Commenced, page-26
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