RE:RE:RE:Doldrums have started !?Hello Will101
As I understand it to be the case the Go FID has already been determined and the various capital financing support for the commencement of the VoltaXplore 2GWh manufacturing facility project is simply being finalized with VoltaXplore's perhaps soon to be 55% equity owner and NanoXplore partner and OEM customer.
Apparently there was some clarity required from the Canadian Federal Government, with respect to the start date during which 40% of all production equipment relating expenses could be deducted by NanoXplore and/or it's perhaps 55% VoltaXplore equity owner and partner.
We note that NanoXplore, on behalf of it's 100% wholly owned VoltaXplore subsidiary, needs to first purchase all the required production equipment for the battery cells manufacturing facility in order to be able to then deduct about 40% of the expense incurred by NanoXplore in doing so.
Clearly that would obviously require a whole lot of capital financing of such "long lead time" production machinery specific items. This is a lot of capital financing which NanoXplore is full well expecting to come from Canada's Strategic Innovation Fund and/or other Quebec provincial and/or federal Canadian government funded entities and their respective capital grants funding provisioning programs.
See the circa $15 Billion Canada Growth Fund as a example, amongst others of course, of a likely NanoXplore and VoltaXplore investment capital provisioning fund which is managed by PSP Investments on behalf of the Federal Canadian Government.
What's more, you, Will101, are certainly not the only one whose perspective is being pejoratively impacted due to the total absence of news and there no longer being a NanoXplore director of investors relations.
I will say that it is not relevant company news of VoltaXplore developments which I have been expecting to be publicly disseminated on behalf of NanoXplore first.
I have been eagerly awaiting the apparently nearest to complete and full and finally consummated "commercial agreement" amongst NanoXplore and that well recognized chemicals company (a.k.a. "the Industrial Titan").
It is a commerical agreement which Mr. Nazarpour had pointed out and quite intentionally emphasized during the Q2/2023 conference call and especially the most recent Q3/2023 conference call.