Lion One Metals Ltd V.LIO

Ronan's (IR) reply to my email about the last 2 NRs

[WisGuy1]

 

Ronan Geoghegan
Corporate Development

8:16PM 

to me

 

Thanks for the updates and apologies for not getting back to you sooner. I’m glad the addition of Alex, Dave and Melvyn has been well-received. We’re very happy to have them on board. In terms of the Nebari Tranche 2 financing, that is related to the 500 TPD mill expansion. Once we completed the equity raise in May 2023 we decided to expedite the 500 tpd mill expansion from fall 2025 to fall 2024. In doing so we need Tranche 2 (and possibly Tranche 3 – the remaining $4M) to complete the expansion.

[roberto146]

Does that mean they have not been running at 300 tpd for November, December, and onwards? The news release of Oct 10th indicates that the mill would be ramping up to 300 tpd beginning the end of Oct '23, and 500 tpd mid-2024 (now revised to Fall '24 according to the email). I haven't seen any other news updates since that say otherwise. In promo videos I also had the impression they

[WisGuy1]

roberto146, I think you should ask him yourself. I first reached him at    [e-mail]

[roberto146]

I was asking what questions you posed to him, i.e. were all your questions answered.

[WisGuy1]

I sent him a couple of LIO posts from CE.CA questioning the financing and he replied with what I posted. So, yes. He answered the question that was asked.

[roberto146]

Thanks.