“The capital cost of the lithium hydroxide plant in Japan will be approximately US$30 million prior to any government incentives. It is expected that the funding will involve project debt and potentially offtake financing. The project is also eligible for government incentives of at least 50% of the expected capital expenditure. Orocobre does not anticipate the need to raise equity capital for this project.”
“The Phase 2 expansion investment decision remains dependent on achieving Phase 1 design production rates and the expansion being funded without further equity capital (i.e. funded by project finance and Stage 1 operating cashflow).”
They can’t say it any clearer than that – no cap raise… no dilution…
ORE Price at posting:
$2.94 Sentiment: Buy Disclosure: Held
