Ask yourself Why now?
One could understand if this was done on requotation.
There is no benefit, unless for capital raise but for what?
The only benefit I can see if this is part of something bigger coming the 1MC way and consolidation is a necessary step to make it happen.
1MC/Lithium Corp meaning J.B. are sitting on major geothermal brine tenements in Nevada.
Energy/Lithium/Desalination, meaning fresh water all needed in the state of Nevada and with major players to make it happen.
To make it viable it will have to be at multiple sites as VUL are doing in Germany.
There must be a positive reason as consolidation at this time makes no sense at all.
https://newprojectmedia.com/news/ormat-berkshire-hathaway-geothermal
Ann: Consolidation/Split - 1MC, page-23
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