Great news and very nice progress being made. It is crystal...

Great news and very nice progress being made. It is crystal clear that demand for the dry processed product is very significant........

"Samples provided to other potential customers during the China visit by ADN representatives in June are still undergoing application testing which could result in further LOI’s signed for Carey’s Well dry‐processed product."

"Offtake LOI’s have already been signed for 208,000tpa of wet‐processed product, which is a premium grade for the ceramics industry"........

.............."dry‐processed halloysite‐kaolin product now total 307,000tpa"..........

According to this ann ADN have 'officially' taken offtake LOI totals to over 500,000 ton per annum when looking at dry and wet processed products combined...........

And it seems highly likely that we might see even more in terms of offtake news near term re dry processed product..........


Then they have the option to value add to the dry processed product as well:

"There is also a potential option to wet‐process this product in a secondary location and further upgrade the value to a world‐class, premium product".




Still..........the thing that has me seriously excited is the potential for the collaborative HPA production deal..........we have the quality ore with confirmed 'single pass' to 4N metrics.......and considering that 4N is going for conservatively $25,000 per ton the kind of revenue any sort of HPA deal could add to yearly incoming is going to be very significant even from a low tonnage production perspective.......

Catalytic cracking testing on the go as well............. and "a number of significant companies" located in Japan and India are currently testing our products also!!!

News flow over the next 2-3 months will be significant imo.