The term "green lighted" is ambiguous, most likely you are referring to final investment decision (FID).
In the past LKE has explored other power solutions, including solar farms and battery integration. But all (except Grid Power supply), have been rejected because those solutions "is not mature enough for deployment at this time " or "not pursued due to predicted low margins between on-site generation costs and commercially available options ".
LKE Ann dated 23 DEC 2023:
Furthermore, LKE's Class 3 Feasibility Study, completed in December 2023, includes power solution considerations.
In practice, securing a power supply contract or agreement often occurs during the feasibility and planning stages to ensure operational readiness, not solely after FID.
The assertion that no power supply contract can be secured until Kachi is "green lighted" (FID) is technically and factually false.
Preliminary contracts, memoranda of understanding (MoUs), or conditional agreements could be negotiated earlier (and normally are in the case of most other Li startups), to de-risk the project and support its progression towards FID.
Just my opinion of course...and I'm usually wrong.
DYOR
LKE Price at posting:
3.3¢ Sentiment: Sell Disclosure: Not Held
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