Small boats creating large waves for the critical mineral sector, page-26

Grant Wilson is quoted in yesterday's Weekend Australian:

'We [Tivan] have a project financing path [Sumitomo]. Without financing, the rocks will stay in the ground. People need to invert the model in critical minerals. It's not a matter of going out there, finding stuff and trying to sell it. You need to sell it first'.

Here's a good article dated 29/08/24 posted on the ARU thread by Normandy7 - 'Biden administration weighs price support for US critical minerals amid Chinese pressure'
https://www.politico.com/news/2024/08/29/biden-minerals-price-support-china-00176777

The article says the Biden Administration, through the US Department of Energy, may set a floor price for critical minerals and pay the difference when market prices fall below that threshold.

The article states (along the lines of Grant quoted above) 'To secure financing, minerals project owners typically need to sign agreements with potential buyers such as automakers or battery cell manufacturers that show they will generate enough revenue to pay back investors. But those customers have been loath to sign long-term purchase agreements with U.S. suppliers given the possibility that mineral prices will keep falling, and the fact that American-made minerals are more expensive than Chinese ones'...

Back to Tivan. 'Tivan & Sumitomo Corporation are working closely together to maximise government facilitation for the Speewah Fluorite Project, in Australia and Japan'. (Tivan Online Investor Briefing, 2 August 2024). Tivan has a solid, reputable buyer, so we have a good chance of reaching production.

Hopefully, we'll soon look back on the current Entitlement Offer as a gift to retail holders.