The JV I believe was built on mutual benefits. EVG was to benefit by selling our raw graphite to the JV. Metachem bring in their “expertise” of EG and operations. Maybe Metachem uses some of this facility to service their client base to make boutique products? That’s my assumption on mutually beneficial? Or maybe they have less capital input and manage more of the operations of the JV, thus less capital risk for their 50% share? There would be some clauses in the JV contract for the mutual benefit. Unless Metachem is an absolute cash cow (because they are a private company and not listed) I doubt they would be able to raise capital easily to fund this project. Hence my assumptions… again, I don’t know the actual contract terms of the JV ,thus, iterating these are my logical assumptions.
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