As Dan has stated, Candiac 1 is foundational. Candiac 1 will be where we get the first offtake (tiny offtake) and where we continue to manufacture evaluation samples for potential customers (a very long process indeed).
What we don't currently know if how long the "automation" scope will take to get the facility back to 1,000tpa. And how much it will cost.
The next government grant will likely be to complete this Candiac 1 scope. Hopefully they will cover fifty cents on the dollar.
The big question is how long it will take to get Candiac 1 to 1,000 tpa. I suspect we're talking 8-12 months by the time you order new reactors and get all the engineering completed.
And I'm confident knowing how slow Nano is that they won't kick off this work until start of 2025.
So we're probably looking at 2026 before Candiac 1 is at 1,000tpa.
Unbelievable how slow Nano is for a company that has adopted the motto: "move fast".
Hopefully some potential buyers are visiting Candiac to kick the tires on buying the entire company and IP. That would be the best thing Nano can do for their shareholders. I hope we are asked to vote on selling the company.
Good luck to all the longs.