The partnership with Lilac and the technology that comes with that is far more important than the 50 mil cash.
A few key points that make me excited for the next 6 months.
• ”The Lilac production process is lower cost and offers higher lithium recovery rates (80-90 percent) than other technologies to produce battery quality lithium carbonate (99.97 percent purity).”
• “We are closing the gap to being fully funded when you assume the DFS and other requirements for UKEF are met. There aren’t many near term lithium projects that can say they are funded to production.”
• Mr. Crow said all levels of the Argentinean Government were doing their best to encourage lithium development and the advancement of local communities, but governments were relying on companies like Lake and Lilac to make the technical innovations that would benefit the local environment and communities.
Cutting edge lithium extraction technology, being so advanced in this project (compared to other lithium players) and having the backing of the local government are huge positives IMO.
Mix in the demand of electric vehicles and i can see this being stock being over x5 on current SP by March next year.
My opinion only, DYOR.
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