Vanadium is a critical mineral for geopolitical reasons.
If Richmond is really backed by Chinese, they will usually contract out to Chinese firms, using Chinese debt for the build.
Article below from smh refers to AXF Group, the original/parent name of JV partner:
disallowed/national/nothing-adds-up-sydney-tycoon-s-mystery-200m-confounds-ex-liquidator-20200821-p55o7v.html
This explains the name change.
This is the JV partner site:
https://richmondvanadium.com.au/
(Richmond vanadium dot com dot au)
Dr Shaun Ren, Chief Executive Officer
Linkedin https://au.linkedin.com/in/shuang-ren-a6316535
CEO of both companies.
So it seems the JV partner is just some rich Chinese dude. Not a SOE.
Foreign investment board review? OK IMO.
Routing the unrefined product to China is potentially a dangerous move however.
This one is too spicy for me. I'll be watching from the sidelines.
GL frens
