Ann: FYI Receives R&D Tax Incentive Payment, page-46

imo, off-take is basically a given. there is limited proven, high quality, new supply. when customers see our samples, assuming they are as good as RH says, then they'll climb over each other to sign.

its not like bulk spodumene concentrate dug up to ship to a refiner - this is a specialized, refined, end user product, with a complex processing chain and limited feedstock, so we shouldn't have the same oversupply issues as the Li miners

only concern i have is that the macro demand for HPA develops the way they say it will.