Hints of a deal in the works with NILI (clean up. Bal Sheet)I believe that a deal is in the works with NILI.
There was a sedi filing in which Iain Scarr excersied $ 60,000 worth of warrants when warrants do not expire for years. This followed up on Graham having done the same thing.
To me, it looks like a clean up of the balance sheet because there is a BUYER of NILI that is lined up.
Some say that Iain Scarr wanted to show the market confidence but $60,000 in not sufficient of a message. There is other motives and it is not capital either as gain is non material.
So it has to do with pending transaction.
The biggest indicator of a deal will be if American Lithium exercises their out of money warrants, which expire in 2027. If yes, then be assured that a deal will be announced.
Management has been touring the world and, has been attending conferences, making videos, podcasts, etc....
It is literally IMPOSSIBLE that a MAJOR would not have approached them with a possible OFFER.
So clean financials are a requirement as a first step.
PS: NILI already stated that they can depend on Lithium America + strategic partner for $ 25 million in 2025. You do not say this if you have not already concluded some type of informal deal, subject to due diligence being done now.
I think investors will be STUNNED when a lucrative deal is announced.
Good Luck,