Both parties have agreed to extend the plant financing deadline to October 31 to to discuss SKI financially supporting the Sconi Project.
In the previous agreement if SKI did not agree to a financial stake in Australian Mines then they would buy the metals at market prices in the future. Perhaps they are discussing some sort of stake in Australian Mines also.In my opinion, the extension is good news. It shows that SKI really want those metals in Sconi and that they are looking at helping to get the metals out of the ground. They know that if they don't help with Sconi then someone else will step right in and do it.They know that the US government and Australian government are in talks to develope a metals supply chain for the US. So, SKI wants to secure battery metals for their operations before another company or country locks it up.?
The United States President, Donald Trump, and Australian Prime Minister, Scott Morrison, are set to release a plan aimed at securing the supply of rare earth minerals, as concerns grow that China could cut off shipments of the prized commodities. The US is trying to play catch up to China in the EV race by developing it's own supply chain for metals. Australia is the place that everyone wants to be for metals because of its business friendly environment and lots of mines. All of this is putting pressure on SKI to lock it up and secure battery metals for it's operations. I think Australian Mines has the upper hand and SKI will be force to help finance the plant fully or partially because they desperately need the metals and the know AUZ has plenty suitors waiting in the wings to step in and take the metals.
??Keep buying this stock because it is going to up real big
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