"This grant follows extensive due diligence by ARENA, covers 50% of the estimated funding required to build and complete two years of operation of the LFP demonstration plant"
Then they say:
"Drawing of the grant is conditional on securing full funding for the Australian LFP demonstration plant, which is expected to be achieved via strategic investment into VSPC"
Perhaps this is the equity funding he is referring to? But we do not know how it will be achieved yet.
LIT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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