From memory, NMT ran a partner selection program a few years ago, around 2017/2018. Most of the HNR/CM personnel were already located in Europe & Scandinavia with knowledge & experience in the minerals sector. Having people on the ground close to where the project is located would be advantageous, considering NMT is half a world away.
CM/HNR were the ones who secured the slag supply agreement with SSAB, so they're kind of crucial to the whole enterprise.
NEOMETALS LTD (ASX:NMT) - Ann: High-Grade Vanadium Recycling Agreement, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
NEOMETALS LTD (ASX:NMT) - Ann: H2GreenSteel MOU for 4 Mt High-Grade Vanadium Slag, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Plus, it's just what NMT has always done, bringing in partners to develop a project. Perhaps one advantage is they have the ability to source funding from two shareholder bases, instead of just tapping into one.
As far as I know, Damian & Chris are mates, along with Michael O'leary-Collins, which also helps. I believe they all went to Uni together, but I could be wrong.
From memory, NMT ran a partner selection program a few years...
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