Any pre-revenue company will need to raise at some point.
But raising capital doesn't necessarily mean raising through a placement or SPP.
IF all goes well with DD-2 we'll probably raise cash through Farm-in and dilute at Project Level rather than Company level.
IF DD-2 is deemed commercial, they might be in a better position to secure loans against future revenue with specialist lenders.
The more de-risked a project becomes, the more avenues to raise there are.
Any pre-revenue company will need to raise at some point. But...
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