October 26, 2023 03:59
"SYDNEY -- Australia will expand financing for the critical minerals sector by 2 billion Australian dollars ($1.26 billion), Prime Minister Anthony Albanese said Wednesday, doubling its funding as the country looks to reduce reliance on China.
Canberra created the AU$2 billion Critical Minerals Facility in 2021 to finance mining and processing projects by businesses. The government will double the money for this facility, which helps Australia provide materials tied to clean energy technologies but which are vulnerable to supply chain risks."
Paul Armstrong raised with Mark in the Podcast in relation to Alpha, and Mark didn't provide a definitive answer.
I think however that Torbanite and Cannelite as raw materials for "green" bitumen production would qualify for Albo's Critical Minerals Facility both in relation to "supply chain risks" and "clean energy technologies".
Capital funding of Alpha from Canberra would of course be great for the project and for shareholders !!
GRV Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
