Yep, I agree with you Sewell that logically this funding is contingent on Talga getting their environmental and Naura permits approved by the Swedish Court and the exploitation permit to follow.
The permit process has to take its course, but what today's announcement facilitates in the background is for Talga to unlock other Euro debt instruments and negotiate with Mitsui and others with more confidence that the EIB have basically green lighted this project.
By being able to bed down all the debt and equity negotiations between now and February 2023 (while waiting on permit decision), it will enable Talga to quickly fast track to Final Investment Decision (FID) and construction, making 2024 first commercial production more realistic.
Yep, I agree with you Sewell that logically this funding is...
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