So they had enough cash to fund the first round (11kt AAM). The loan will allow them to start on the next expansion? They did not need the loan for the 1st part, but clearly debt financing at US treasury rates is preferred to any other source of financing. So they now have 105 million US$ to apply to stage 2?
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- Syrah Resources gets $107M US Load for Louisiana EV Battery Plant
Syrah Resources gets $107M US Load for Louisiana EV Battery Plant, page-15
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