As previously stated that is $US193M out of required $US225M for Module 1 construction. Therefore need another $US32M via more debt or equity raise.
Below from the recent announcement confirms a further equity raise. There may also be more debt coming.
"Tranche 2: The balance of POSCO’s US$40m investment will be at the same price as other investors in the final equity raising to build Module 1 on the Final Investment Decision (FID), capped at a maximum stake in Black Rock of 19.99%"
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