From this email to todays News? I reached out to MDL on Aug 16 2023 and this was the reply! Sounded optimistic do how do we get to todays situation?
"Thanks for your message.
The last couple of months have been quiet on the news front, even though they've been full of activity on our side.
On the plus side, we successfully applied for a UK Government grant worth 1 million GBP, attracting partners of the calibre of Siemens to the consortium. Unfortunately, the terms of the grant don't allow us to announce the news until we've passed all relevant checks by the UK innovation agency and signed the collaboration agreement. We are working through the paperwork.
On the minus side, the financing is proving very difficult with a challenging market for early-stage companies and micro-caps. For instance, despite their excellent exploration results, ACDC is still trading at a 33% discount (!) on the cash they hold in their bank account. We have extended the maturity of our debt and attracted offers from two financing groups, but the terms are extremely onerous. I can assure you the team has been tirelessly working on this and keeps pushing but the financing environment is extremely challenging."