I don't see AVL and TMT coming together. Look at PLS and AJM. Both management teams will be thinking its worth having a crack individually - doing a deal to come together where both companies feel validated would jut be too hard IMO.
I've said this before, why not sign a PPA for solar and storage and let a third party carry the capex? https://onestepoffthegrid.com.au/remote-wa-nickel-mine-slash-diesel-use-7mw-solar-plant/