I just watched the YouTube video of an interview with both AGY and Galan.
Some primary take aways is that:
- funding was said to arrive in 3-4 months
- the funding will be linked in with an offtake arrangement including prepayment for resources.
- AGY will be looking to expand past 12,000 tonnes per annum after that.
- every month or two Jerko says to the people who have already made funding offers that they need to up their offer as the lithium pricing has moved higher from month the month. The potential funders up their offer to be in line with the market and many are desperate to secure lithium resources. Jerko will not take below what the market is offering, we have all the bargaining power.
It seems as Jerko has seemingly suggested before, it seems like funding is ready to go, it's just waiting on the permit approvals.
Cheers.
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