Cut the pie in 3 Cut the pie in 3
202M 34% Pallinghurst
210M 35% Public shareholders
188M (120M- 20%) Quebec (68M-11%) Ottawa
Quebec 78M$ investment
Ottawa 60M$ investment
MAX 600M shares total 2025
(+/-153M) + (+/-263M ) = +/- 416M short term
600M - 447M = 153M new shares @ +/- 0,90$ = 138M$ in funding= 50/50 equity/debt of 276M$ capex
For Becancour, next summer a large OEM with deep pockets will finance the plant 350M$ and will get a discount on the anode material. Or with a long term contract with large OEM in hands, NOU will get is funding from a large bank at low interest.
NO DILUTION
IMO 600M@8.33$= 5B value 2025
DYOR