Devastating but Dan confirmed to be true in the interview.
We all thought we were waiting on an off take agreement for tens of thousands of tonnes per year so that Nano would get a government grant of hundreds of millions of dollars to help finance the 25,000TPA facility.
Now we're told we're only getting an offtake agreement of hundreds of tonnes so that Nano will get government funding for the 1,000TPA Candiac 1 automation scope.
In what world is this good news!? This is a devastating update. Dan has totally moved the goal posts.
At this point I'll take anything I can get. But this absolutely seals the deal the we are not getting anything close to hundreds of millions from government anytime soon. And that means no 25,000TPA facility announcement in 2024.
Sad but true.
So disappointing.