Ann: $1.65 Million Placement to Advance Canadian Lithium Assets, page-4

I suspect lithium will be out of favour for a very short time - basically we need to see a bottoming in the carbonate price, which I think will be around 500K yuan come January-February. China is investing big in LFP production, US is following suit, for greater universalisation of EVs, so lithium demand is only going to grow, while ore supply is not exactly bursting out from new sources.

Refineries have been absorbing supply costs to a great extent, some bullish commentators are actually happy to see the carbonate price level out a little, as it eases pressure on the whole industry.

The spec market doesn't care about price level but price direction: even at ridiculous highs, the lithium price pointing down for a bit seems to spook everyone enough to sell down great assets. This, of course, is other people's potential opportunity.

Anyway, back to KOB, we've some great prospective projects here, low market cap for rapid growth, Canada is shaping up as a rival to WA in hard rock lithium and has great incentives to exploration. Not too worried about this one. They'll very likely have found fertile rock chips at Whitlock as elsewhere in the local area and that will be announced in Jan, hopefully as the carbonate price starts to turn up again.