Ann: New battery recycling agreement with LG Energy Solution, page-2

So doing a basic quantification of the revenue impact of the new agreement:

Total FY23 revenue of $5.5m was derived from c.543 tonnes of total LIBs with only 191 tonnes of this being large format. Under the new agreement with LG Energy Solution there is 770 tonnes of large format LIBS ready to be recycled. With large format LIBS providing higher revenue and margins, if all this quantity is processed within the next 12 months that equates to revenue of what? $15m, $20m?

Market is asleep here. Going to be cash generating from the recycling business soon whilst the other divisions are funded by partners. No need to raise capital and option conversions next year are going to boost cash reserves. Serious re-rate in progress.