RE:upcoming payments and strategyHey Rod,
Just wanted to comment on point number one. Ucore leased the pilot plant out to Orca for somewhere around 2 million dollars not to long ago. In return, UCORE is paying 15% interest. Of that 2 million, 1 million was dedicated to pay for the balance of the JV (they already payed the 1.9m as you previously noted).
Now, I'm not sure if it has officially come out yet, but that is what the money was dedicated for. So, UCORE will have a 60% interest in Rare Earth separation AND any tailings processing.
I think that will indeed be the short term plan, with them eventually paying the 9.35 million for a full buyout.