I don’t know how many read the Q&A in Investor Web, I’ve asked a few questions recently, and the answers have been very frank & informative.
My last question was asking for clarification regarding the Demo Unit they will build. They have 2 designs, the semi-batch and the continuous, the Demo unit will be semi batch and they will iron out any bugs & optimise that design before developing the continuous. As they said in the reply, the semi-batchis very economical for high value materials such as gold in e-waste & gallium, germanium. The 2nd design (continuous) more suited to bulk materials such as Monazite (REE’s) & Lithium (which they’ve previously said is on the back burner due to Li prices)
I also previously asked if they’d consider building a 2nd Demo plant before the 1st was operational. My Q was in relation to the possible MoU with the REE company they mention & the possibility of being awarded funds through DARPA. They didn’t commit either way & left that possibility open. It seems to me if this REE company they have the NDA with is serious, for the sake of $3m to build another Demo Plant, it would be a no brainer, especially if DoE + DoD are paying for it. This REE company will be behind Indium Corp with regard to access to produce their own metals.
They also confirmed the Demo Plant will be a 2 parallel unit set up with each unit having multiple chambers - as per the artists impression diagram in the last announcement. I think that impression, although not showing too much detail will be fairly indicative of what the Demo Plant will look like, both size & layout.
(20min delay)