@mrwalker in terms of timelines being met, I'm expecting at least 2 of above to land relatively soon. The binding offtake with the USA Battery developer is the one that matters most IMO, as partnering with bigger companies is the way small cap aspiring developers move up the value chain. When there are multiple customers signing up for product, this opens up the pathway to development. The closest analogy I liken this to is when a developer sells all their apartments off the plan before they can lock in bank finance to commence with construction.
ESD have stalled with their Battery Supersite. Progress was directly tied to the announcement of their Anchor Tenant (large cellmaker), which was also tied to the cellmaker winning US Government funding. This didn't appear to happen in the last round of US Government funding grants. And from the ESD website https://www.energysupplydevelopers.com/ there hasn't been any new update since 16 Aug 2022. So without any substantial progress from the ESD front - e.g. confirming the plans to proceed with the Supersite and anchor tenant/cellmaker - there is nothing more potential materials suppliers such as Volt can do. Bottom drawer as far as I'm concerned.
VRC Price at posting:
0.7¢ Sentiment: None Disclosure: Held
(20min delay)
