Key bit of the quarterly was as follows:
Strategic Partner Process
With the Western lithium-ion battery supply chain groups increasing their market presence, with the aim to reduce their reliance on China, the Company has progressed its process with complementary strategic European and American lithium supply chain groups that can provide direct or indirect financing support for the 12ktpa project development. The Company and selected strategic groups are progressing with due diligence works, with the aim of determining a preferred strategic pathway and financing/investment structure.
The Company continues to assess and review opportunities for strategic arrangements and funding options, including inbound interest from various lithium and technology related parties for project development and product off-take. The Company’s development status, including the de-risking of project investment by conducting the engineering and feasibility works outlined herein, and having received government regulatory approval for the development of a 12,000tpa project, continue to prove advantageous for the strategic process and firming interest for a finance/investment solution."
END
personally, i think hooking into the Western lithium supply chain is a good route, and something they should have done a long time ago. As soon as there's priorities from a Government, inefficiently throwing tax-payer money will inflate the value of anything past what it should or would be otherwise. China's got a firm grip on this industry, and unless the West shores up its supply-chain they're always going to be vulnerable to their games.
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