With 73% of V production now earmarked to go to China, it seems to me that it would be extremely unlikely that they will find anyone ex-China who will want to finance the project. Not in the current climate where the "west" is trying to diversify supply chains of battery materials away from China. So VR8 are now going down the path of being a supplier to the Chinese market, and are already 10% chinese owned. I'm expecting the next step will be that they will seek further capital from China, and it will be on their (China) terms, because VR8 don't appear to have anyone else on the line. VR8 really should have tried harder to get offtakes and/or finance ex-China. I think VR8 shareholders are now in for a bumpy ride.
All IMHO, DYOR
With 73% of V production now earmarked to go to China, it seems...
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