Post by
EndZonefor7 on Jan 04, 2023 11:01am
Crux Interview
Key part at 9 minute mark where Mark discusses his talks with most of the big EV/carmakers and their admittance they need to invest in the mining companies to have the nickel they need for the second half of the decade.
Deals are on the table with the car companies for offtake agreements for next 10 to 15 years.
Also been approached by several Japanese trading houses and other companies for 10 to 20% of the project. Should be minimal to no equity dilution.
Creating a debt advisory group this month with possibly Rothschild or others to help with the project debt financing.
Every investment by EV or battery company in Ontario has had 10% capital from each of provincial and federal government on top of tax credits for carbon capture. Confident they will get similar.
Financing sources are lined up for Texmont and had been trying to aquire it 18 months ago but it was caught up in some legal limbo I believe he meant. Cash flow productive by 2025.
Auramet can be extended and have flexibility but also in talks with strategics that could be completed in next two months.
Off-take partners in place by 3rd quarter then go to govenment for cash.
All debt financing in place by second half of 2024.
Bottom line is this is a marathon, not a 100 yard dash.
https://www.youtube.com/watch?v=C2DjkSBPN6Q
Comment by
Ivorygull on Jan 04, 2023 11:32am
Thanks for the link endzone.