Great results butThe best news is the decision to do a phase 1 plant and get revenues earlier. It will still be likely 2025 before any revenue happens but the prospect of not waiting for all the financing and risk of a chemical plant is great. This makes financing easier, shortens the risk window and would allow for a series of offtake agreements, especially with the likes of Corning.
This is the pathway I had been hoping for all along, and with the recent Li prices, it makes the most sense. Now a revenue model can be built, and I hope we will see some analyst guesses shortly.
The Walker family are not chemical engineers, but they do have experience and resources for extraction, this is what they are known for and good at. Juniors are always a lot of waiting, but q1 seems reasonable to clarify a lot of plans and get some traction.
Best of luck