they are looking to supply to multiple customers and broaden their customer base - it's a good thing to diversify
LIke JW stated in the announcement "This approach is designed to both
manage offtake risk and establish a customer base that will support Lepidico’s longer term growth
plans for a Phase 2 Project. This strategy also contemplates a U.S. supply nexus to support the debt
funding envisaged under the formal Mandate with International Development Finance Corporation.”
Ann: Letter of Intent for Product Offtake signed with BJR, page-30
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Mkt cap ! $25.76M | |||
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| No. | Vol. | Price($) |
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|---|---|---|
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