Introduction
Australian-based Clean TeQ Holdings (CLQ in Australia; CLQ in Toronto; OTCQX:CTEQF) has the leading cobalt development project outside of the Democratic Republic of Congo ("DRC"). It has the potential to bring a meaningful amount of non-DRC cobalt supply to the market within a few years. With an enormous upfront CAPEX requirement of $1.49 billion (see page 29), the financing of this project is set to test the seriousness of the electric vehicle ("EV") supply chain for non-DRC cobalt supply.
Clean TeQ has expanded the Sunrise project to include the production of cobalt and