The next step is always the "most important thing that we need to do - RIGHT NOW!".
Investors will recall reading the same demands in relation to the pilot plant results, DFS, MRE, FEED, OT agreement, etc.
Current SHs want finance, right now.
Future SHs will be saying:
"We need construction to be completed - RIGHT NOW!", then it will be
"Commissioning - RIGHT NOW!", then
"Battery grade product - RIGHT NOW!", then
"P2 - RIGHT NOW!", then...
Despite the focus on the current "urgent task", LPD continues to raise money from investors to fund the program, with the current funding round significantly over-subscribed. And funding is used to deliver on the strategic plan, and build a sustainable operating company. It's the prudent approach.
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