'Following a review of various funding options, and in response...

'Following a review of various funding options, and in response to multiple enquiries recently received from a range of international parties in relation to funding and development of Arcadia, the Prospect Board has decided to commence a structured process whereby interested parties will have the opportunity to put forward partnership proposals in a competitive environment to fully fund the Arcadia project. The Board is prioritising the development of Arcadia through this partnership process over other funding options, to provide more flexibility, accelerate project execution and bring the Project into production at the earliest possibility. Azure Capital and Vermilion Partners have been appointed by Prospect to run this process.'

'Prospect Managing Director, Sam Hosack, said: “We are excited with the interest from key players in
the lithium sector and look forward to working with Azure and Vermilion to find the right long term
partner for the funding and development of the Arcadia Mine.'

So if I'm reading correctly, PSC is getting multiple enquires from international parties/key players in the Li sector in relation to funding and development of the project - so looking at a JV with one of these key players in the sector?

'the Prospect Board has decided to commence a structured process whereby interested parties will have the opportunity to put forward partnership proposals in a competitive environment to fully fund the Arcadia project'

And these parties will compete with partnership/funding proposals to fund the Arcadia project?

So potentially something like FFX Ganfeng deal where sell a % of project for cash/funding? But maybe on better terms? FFX sold 50% to Gangfeng for $130M USD which many people seemed to think was a bargain price, FFX probably ok to let it go to Gangfeng just to get project moving as FFX have profitable gold project.
So wonder what a % of PSC's Arcadia would fetch in a competitive environment from multiple interested parties in the sector?

There's recent information that Arcadia is on Zijin's radar as a potential acquisition target, so maybe they are one of the parties:
https://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.21jingji.com/2021/8-4/zMMDEzNzhfMTYyNjMzMw.html&prev=search&pto=aue

This is looking pretty damn good if there's multiple international key players in the Lithium sector who will be competing for a partnership with PSC on this project. And this is all very near term, with potential/likely FID in next 3-4 months. And likely more OT agreements in this time too.

Can't believe how undervalued the company is right now. Perhaps the new figures in OFS will trigger a rerate and new interest in this stock.