Perfect timing given European Investment Bank (EIB)...

Perfect timing given European Investment Bank (EIB) representatives have already conducted their due diligence site visits to Vittangi back in September!

The financing situation was already looking very positive, and this is yet more confirmation Talga is well placed to be a beneficiary of European Government support towards the construction of the project.



The other key issue to be addressed early next year is permits. To really put the political pressure on the Swedish Government to approve the permits, I was thinking it may be strategically prudent to prioritise Northolt as Talga's next offtake customer after ACC (provided the deal terms are agreeable). The reason for this is Northvolt is such an iconic symbol of Sweden's green revolution and tying Northvolt's success in accessing sufficient quantities of raw materials is equally Talga's success. The political sway that Nortvolt can bring to the table is considerably more powerful and may not only assist in Talga getting initial permits, but Northvolt's plans to scale up production may facilitate Talga to scale up well beyond the initial 19,800tpa. The point is, we want to make it as difficult as possible for the Swedish Court to delay any decision on permitting and consider strategic partners that will best facilitate and expedite Talga's scale-up potential.