POSCO would certainly be one of the short odds as "a strategic...

POSCO would certainly be one of the short odds as "a strategic partnership and placement."

A left-field option is a strategic partnership with the Ontario government and a placement of shares to them as they also then provide a large loan into GT1. This loan would be the cornerstone of the funding to get Seymour into production which is the precursor to local Hydroxide which the Ontario Government wants so as to compete the lithium element of a local supply chain.

The Ontario government would have recognised the likely impact on GT1's share price of agreeing a large loan facility and would want to share some of the upside for taking the risk, hence the placement to them. If this scenario unfolds, the placement may be on good terms to Ontario but one which shareholders would also accept as it would materially move the Seymour project forward. Left field as an option, but possible.