I know that initially, before 2022, how TMP Finance would work is that it would receive the loan through the government via the Canada account at 100% debt, and then that was financed to TMC at a debt-to-equity ratio. Since 2022, TMC itself is now able to, I guess, borrow from the syndicate of banks that are now providing the loans.
I don't have all the information in terms of what is currently on TMP's balance sheet. They were used initially to finance TMC, but now TMC is able to get the loans.
