RE: RE: RE: RE: RE: FinancingAre you saying that the US gov't won't allow off-take agreements?
No.
Is there some law that prevents off-take agreements in the USA?
No.
Or would it be just prohibited to have an off-take agreement with a foreign company?
No.
Conversely, surely US companies would have off-take agreements with foreign suppliers?
Most likely.
I was commenting on the financing alternatives being discussed. I believe a lot of options are on the table and depending on how/what the "the Company" wants to do as we move forward dictates the path to the cash. That direction, I believe will have bearing on the final financing plan. As an example, say "the Company" sells the claim lock stock and barrel, don't need any agreements then. On the other hand, if "the Company" wants to be miners in addition to explorers/processors, then I expect to see them roll out something rather creative.
As for off take agreements, as I understand the definition, they seem likely to me in certain financial scenarios. End users have a financial interest in obtaining a source for raw materials. When you look at the FCO Toronto presentation on the ICP, there are a lot of end users in the U.S. Back in January of this year I believe this approach saw daylight when "...
a U.S. governmentlaboratory has formed an alliance with 14 U.S. companies with expertisein batteries and advanced materials in order develop manufacturingfacilities for the mass production of lithium batteries for vehicles...". PeteyK further added, "For the participating companies fronting 140M$ for mine construction is peanuts". What I don't think will happen is, letting the Chinese back the truck up to the shipping dock. Hence the comment. Got nothing against the Chinese mind you.
There could also be some mining equipment suppliers willing to throw in here. I know Caterpillar is struggling right now, but possibly they might see the upside to this project and future expansion of surrounding deposits.
Who knows, maybe the Chinese will own so much U.S. debt, that they will gladly take pure cobalt in return?? Stranger things have happened.
JMHO