For clarity, I wasn't here at the time of the negotiations either. I can talk generally about how we approach entering into a negotiation for a contract through our due diligence and then how that process unfolds, if that is useful.
When we examine a project moving forward under the strategic response fund, we undertake significant due diligence. We look at the technical merits, the market assessment and the financials of the project. From that, we develop a term sheet, which is the basis for our negotiations.
Depending on the nature of the project, we're trying to secure different benefits. Typically, any term sheet or agreement we would enter into is going to have benefits with regard to jobs. They're going to have benefits with regard to capex investment, R and D investment, indigenous jobs—usually co-ops—and those types of investments.
In the case of these, where we're looking to secure mandates, there would also typically be commitments with regard to those mandates. That is in a negotiation process with the company, whereby we come to an agreed-upon term sheet that then leads into the signing of the contribution agreement.
