Talga TLG - General Discussion, page-673

@Richo48

Talga currently have an application for €70m grant funding under consideration at the EU level. Grant funding is to be included in Talga's 40% split and if approved will lower this to 27.5%. With no commercial anode production within the EU, the chances of this occurring are high. The company has also repeatedly stated they will aim for project equity, although admittedly Headco has been mentioned. There is also the option for pre-purchase agreements and divestment of non-core assets.

It's important to remember that Mark Thompson has a history of not giving away the company; see LKAB and Mitsui in 2021. This was also long before the EIB and funding consortium was arranged.

As for the offtakes, we'll likely see collaboration between first movers in the EU like Talga and Verkor. Why? Well, outside of their non-binding agreement, both are backed by the EIB, the EU's financing arm, which is focused on strengthening the battery value chain to ensure resource independence. Talga is part of a bigger picture here; this isn't merely about traditional offtakes, but rather about achieving strategic autonomy. For the EU's integrated battery ecosystem to succeed, there actually has to be cooperation between these companies.