Lepidico will use the net proceeds from the Offer to immediately commence Phase 1 Project product development, qualification and offtake initiatives, with lithium, caesium and rubidium being prioritised.
Environmental and Social Impact Assessment works will also now resume, following the recent lifting of COVID-19 related lockdown restrictions in Namibia, which will support debt finance activities.
Key results for the integrated Phase 1 Project Feasibility Study remain on track for release at the end of this month.
(sorry, will try to keep discussion on one thread.)
Ann: Entitlement Offer closes Oversubscribed, page-7
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