I'm not convinced Mark was quite that categorical in the latest interview. He said he would be pursuing project financing via European banking institutions, but remember that will not be approved until permits are granted. That means Feb 2023 at the absolute earliest coinciding with the Court decision.
The Mitsui MOU has been extended until March 2023 - once again to ensure that financing decision coincides with permitting decision. So, that is unlikely to be a short term funding option.
The only other financing option could possibly be an offtake partner providing upfront payment to guarantee a certain percentage of Talga's offtake once in commercial production.
For the record, the 3rd option is my preferred as I am keen to avoid any unnecessary dilution if we can avoid it. I just know it will be tough for Talga to stretch the current budget to last post Q1 next year.
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