House Standing Committee on Primary Industries - Brisbane, QLD (part 2 of 2)
28 September 2026
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House Standing Committee on Primary Industries Australian Parliament
00:00 - 00:47
Speaker 1
In the context of manufacturing, where you're really just making a widget, in our case we're making a bespoke advanced material. But the point is we're not, you know, exhuming anything out of the ground to create that value. We're, we're, that's being done by our partners, Rio Tinto, in this, in this case. And so what we did was we invited them to take an equity position in the company. We are a listed organization.
And so they bought fifty thousand dollars worth of shares. And in return we gave them half a million options in the business, which, which was a really unique way to solve that economic participation. It gave them upside without making the commitment, because we recognize that it's community money, as they refer to it. And it was a just a really fantastic deal. They participate obviously with us as, as and when we, we want, we work together.
00:47 - 00:49
Speaker 2
And so that's how we, how we did that.
00:49 - 00:59
Speaker 3
And presumably as your company continues to become more and more profitable and does more things, they have those options.
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