RE:RE:Why is everyone talking buyoutMargin, FL has upper hand here. NA lithium mines are rare.
Half a billion isn't that much comparing to capex of auto giants like Tesla, GM etc. But without lithium supply they'll lose competition race. Availability and variety of funding sources aren't problems for lithium miners at all.
GM paid more than half a billion for a small peace of LAC, you may say LAC has higher cap.. yes, until we've ready-to-build project and rumours on Partner hasn't surfaced.
The US department of energy just recently granted graphite producer Syrah Resources loans totaling US322 mln, copper deleoper Talon Metals $114 loan, lithium developer Ioneer $700mln etc.
Mining majors are still lagging and wanna peace of the story in lithium.