Great news. Awful overall market though, lots of red everywhere, including lithium equities. Fed is brake checking these markets awfully hard. But governments will continue to be very very accommodative to this sector.
According to the writing on the wall I'm seeing, I suspect the ESSAR joint venture deal is dead, this will be 100% Avalon for the time being.
Yesterday's MOU will become a definitive agreement within 6 weeks with the big fish battery company that is LG. It covers only 50% of the planned output of proposed refinery, which is good, the other 50% somewhere else, not all eggs in one basket.
Speaking of the proposed refinery acquisition, that pending news should be right around the corner, I do believe that will dovetail nearly to a 10. On-site rail, marine loading, fossil free electrical grid and more, I do believe.