Milestones set the path to commercial productionAmaero has highlighted several milestones it expects to pass in its pathway to commercialproduction, with an eye to finalising many of these before the end of calendar 2024. Thecompany plans to finalise the Tennessee facility floor plan shortly, place an order for the secondatomiser, fitout and install and fully commission the first gas atomiser along with all ancillarypowder equipment and processing equipment. Feedstock supply is being sourced and staffingfor the first of three daily shifts will be commissioned shortly. CTO Eric Bono is also focused onsecuring the first offtake agreement for C-103 powder and collaborative R&D agreements withgovernment-funded labs for high-value, specialty alloy production, and for HIP NNSmanufacturing. In response to questions from investors regarding funding, Chairman and CEOHank Holland outlined that he anticipated that financing of equipment and working capital couldbe funded from a mix of equity and debt, likely in stages to mitigate against equity dilution. Heanticipates that Amaero will require no more than A$60m in total capital to reach profitability.
Nothing more really needs to be said.
People waiting till it's up and running will be pays in the $1 range but if that's how some want to wait and see, good luck to them.
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