Ann: Winsome on Pathway to Production with $25m Raising, page-15

They have at least been semi smart in getting raises done where they did, have to give them points for that. Whether their spending is smart or not will only be known in the fullness of time and will depend very much on how long it takes for the lithium bear to end(assuming it does end) - if it was to end soon then WR1 is probably going to be well positioned to become a producer early in the next cycle, if not then they probably end up raising again at much lower prices if they keep spending up big. Remember those reports from GS and MS pointing to lithium remaining oversupplied through 2025 iirc ....