Guessing there shall be a consortium of banks & investors organising finance. Maybe POSCO is doing a JV with URBIX to build an EV materials plant in USA, or both getting into it? Anything could be considered.
There is a good chance of URBIX proceeding with the deal by February 2023. This is based on following; URBIX analysed over 35 different graphite resource samples & from 5 continents around the world. They found BKT is best in class for EV batteries (it was expected for BKT to be in top 10% as it has very low contaminants to clear [that is important in EV anode chemistry] & Hydropower is available to mine processing). Plus, there are multiple news sources indicating URBIX is currently looking at finance to construct Graphite Lithium Ion Plants in USA & possibly EU, to start commercial production by late 2024.
POSCO is also in the news last week discussing possibly building EV battery materials plants with the big car companies in USA. Hence it may be a matter of the size of finance required. Banks actually prefer to give bigger commercial loans, as their profit margin is much bigger!!!
No financial advice intended.
Guessing there shall be a consortium of banks & investors...
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