Oh this is so juicy:
Since the signing of the binding off-take with SK Innovation, project financing negotiations have accelerated significantly with Australian Mines actively engaged in discussions with a range of global financial institutions.
The catalyst for this rapid escalation of interest from international banks and project finance institutions are SK Innovations repeated statements to foreign media that Australian Mines will be the sole provider of cobalt to SK Innovation’s battery plants around the world8, including their Hungarian battery plant which is contracted to supply electric vehicle batteries to a number of premium German automotive companies from 2021.
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- Ann: Large-scale cobalt-in-soil anomalies at Thackaringa
Ann: Large-scale cobalt-in-soil anomalies at Thackaringa, page-13
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