“Funding is crucial to fast-tracking our development plans and this government support will help ensure Viridion is on the front foot with potential partners, offtakers and suppliers in building this new industry in South America."
IXR has previously stated wrt USA expansion, that depending on the quantum of funds provided for a USA recycling facility, that IXR could have a new facility up and running in about 18 mths. (better than the 2yr time frame previously quoted)
It all depends on the amount of money thrown at the development.
So re above extract, it sounds like a similar scenario is playing out in Brazil.
If Viridion gets a material amount of funding from Brazilian govt, then a Recycle facility and a refining facility may happen quickly. --- Because IXR has stated often that the Lab Fab magnet facility is looking to produce magnets by end of 2026!
For that to happen, they need REEs !
WHAT THIS SELECTION BY BRAZILIAN GOVT FOR GOVT FUNDING DOES, IS PROVIDE INDEPENDENT CREDIBILITY TO IXR'S OPERATIONS !!
IMHO, this indicates that the UK Govt Grant will be a reality very soon.
Is there going to be a competition for the capabilities, IP, and technical expertise by various Govts to secure the business of IXR?
IXR Price at posting:
1.0¢ Sentiment: None Disclosure: Held
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