mnm v esi, page-22

Esi don't need an offtake agreement, power station, port or coal, in their own words

Environmental Clean Technologies Limited is in the business of commercialising and selling disruptive technologies that have game-changing potential within the energy and resources sector capable of delivering significant environmental and commercial benefits.

Liciencing agreements, royalties, fees, government subsidies, they have options to build their own plant

Under the terms of the Tincom agreement, ECT will draw a royalty of $5 for every tonne, resulting in
revenues from this project of $10M a year in phase one, increasing to $100M a year after 2020.

Mnm havn't even had their tenement granted or native title sorted from what i can gather, and their MD is formerly from Exergen so go figure.