Once approved the facility is in place for 12 months regardless of future market capitalisation.
There will be capital raises in the future, so do not be investing here if you think that will not be happening, ideally market capitalisation gets up to 400m to 500m before they tap this facility.
Cash on hand status after the LG and POSCO investment indicates they have plenty of funding to complete DFS, FEED and some early equipment orders. I expect that the final investment decision will be around a 65/35 debt/equity split.
Once approved the facility is in place for 12 months regardless...
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