I don’t expect our funding to cause major difficulties.
LTR ended up needing $1bn in capex to get to production. We ‘only’ need $250m for the plant and a bit of working capital on top.
Especially because the overall funding is likely to be split between 2-3 sources, prepayment, equity and possible small debt package, the individual amounts should be very achievable.
It would be great if the company could bring forward an answer on an offtake to March or April with $100m+ prepayment as it would bring a lot of confidence to our way forward.
LRS General Discussion, page-16633
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