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10:46
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Originally posted by ff0605:
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Authium, a US-based company, will be building a ~AUD 40 million+ liming processing line for us at no cost. Instead of charging us, they will utilize their nanofiltration technology. In return, they are seeking an offtake agreement for 45kt LCE for their downstream operations in the US. Additionally, they will provide a USD 6 million prepayment once the brine is processed through their facility.
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Could you please explain the following statement: However, due to strong interest, Petra is only able to secure AUD 10 million in convertible notes (CR)"
(20min delay)