So, the Canada project is down to three site options, with an FID target still mid-year.
FID doesn't rely on the MK2 reactor since 'rigs are being tested' in Canada now (the BC grant has funded a 2.5ktpa prototype reactor after all).
MK2 should be running in Q2-3 after a lot of engineering at the CDP. I'm surprised, but oh well.
They think Hazer can do better out of the Trump win: more gas at lower cost, a reconfigured IRA but funding opportunities unlikely lost.
They project making H2 at just over $1 per kg in the US with graphite sales, and $1.30 per kg without selling any graphite (Q&A). That's quite an eye-opener.
Commercial declaration is still targeted for year-end. Given the market has locked Hazer into its green H2 doom loop algorithm, will this be enough to validate the options?
HZR Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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