Milestones and Timelines for American LithiumI thought I may be able to provide some assistance for those of you looking for a possible time table of milestones based on my own individual "primary" research:
Q1 2021:
1. May 3rd shareholder vote on merger with Plateau
2. Completion of Plateau acquisition 1st half of May
3. Treasury Status: Currently, LIACF has ~$9MM in Treasury with an additional amount coming in of ~$12MM - $15MM from the exercise of warrants/options and cash from the Plateau acquisition (leading to ~$21MM - $24MM in cash on the books)
Q2 2021:
1. Further testing on additional Beneficiation techniques being explored (e.g., Membrane Separation, Electrolysis, Calcination)
2. Continue to progress on Falchani and Macusani (e.g., on March 30th Plateau announced that it was able to beneficiate deposit samples to yield a much higher grade for processing).
Q3 2021:
1. BLM - Plan of Operations approval - July/August
2. Further Drilling (Tight-spaced and Large Diameter/Bulk testing) required for flow sheet testing for mass production (e.g., hydrocycling at mass scale to test for 20 to 30 tonnes/day production). Goal to further prove out cost per tonne between $3,500 to $4,500/tonne on a mass scale. Indications for $4,333 currently.
3. Continue to progress on Falchani and Macusani
Q4 2021:
1. Begin LIACF pilot program (note: this in addition to the seperate DOE American Battery pilot which is being run in parallel)
2. PEA completion based on new tests
3. Expand on prior Environmental Impact Study
1H 2022:
1. PFS Started in Q1 and Completed in Q2 220
2H 2022:
1. Complete Capital Raise (estimated between $400MM - $500MM) for Development of Project using the PFS (either for TLC or Falchani)
2. Financing will likely come in multiple tranches:
a. $100MM from an off-take agreement
b. $150MM - $200MM Debt
c. Proceeds from the Exercise of warrants in 2024
d. Equity capital raise for any balance
2023:
1. Begin Development of Production Facility (either for TLC or Falchani)
2. Most Likely complete American Battery DOE pilot test followed by a potential off-take agreement
2024:
1. Complete construction of Production Facility and Begin Production by Year-end (2 year development timeline) with potential that this will be pushed into 2025
I hope that helps in putting to rest some speculation (or maybe it just adds to the confusion)...either way, I am long this puppy 8-)