I have a slightly different view regarding the battery producer.
I am invested in 2 stocks that have downstream processing, both of them have completed PFS and pilot test work without signing any battery manufacture, they have completed all of this work then obtained offtakes.
IMO we are unlikely to sign a major battery manufacture until we prove the concept works on a larger scale. you only need to look at SYR who have recently signed Tesla or EGR who has signed Posco who is one of the major anode manufactures.
I also don't think the battery manufacture is a concern, it's the EV manufactures who will want this technology. It will provide safer, longer lasting battery packs and allow for the packs to use larger amounts of silicon, Iggy has already detailed EGR is under 2 NDA's with German auto makers. these guys have multiple sources of batteries. BWM has even gone one step further where they have sourced battery materials to be used in their battery packs (provided the material to the battery manufacture)
ATC Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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