Neo Lithium Corp V.NLC

RE:RE:RE:RE:RE:RE:RE:RE:CATL

[RuudinFrance]

Neo,

original plan was 35K tonnes for 20 years.
At the time, I raised my eyebrows when that changed to 20K tonnes and 35 years.
Explanation was obvious, less capex.

Situation is now well known in the industry: Waldo and stakeholders do not like dilution very much.

This clarified to suiters that dilution is not wanted. We can and will start at 20K tonnes.
If you want more, you got to come up with a good proposition.

Current situation is that we may get a deal for 40K tonnes (or more) for conditions we earlier only could get for 20K tonnes.

During the work on the DFS, I have no doubt, that various suiters will be contacted for financing ideas.
The nice thing is that CATL backing supports our claim for a solution with minimum dilution.

In case somebody comes up with a request for 100K tonnes and an acceptable figure for dilution, I'm sure it will be considered. The loan burden may become very high though and the requirement for preventing mishaps will increase. This risk mitigation will also be part of the DFS.

Just shooting from the hip.
The waiting time to final decision is getting shorter by the day.
Interesting times.

Have fun