RE:Clearly the "new" NGC is priced less....In the North American critical minerals sourcing deal announced early last year by Trudeau and Biden any Canadian mining production of minerals on the list is considered 'domestic production' in the United States. This is significant for NGC given it is the only North American producer for the next couple of years at least and will likely be expanding production to meet demand of its current customers during that time.
Sprott got a good deal but they also bring several new investors/funds into the company which will likely participate in future raises (this PP likely oversubscribed) to build Bissett and perhaps more M&A. It's significant to recognize that NGC is Sprott's first ever investment in the EV space.