Q1 and Q2 are poised to see upside in market cap value based on CRMA, de-risking first LCE production from plant and securing "green financing". @rama77 FYI.
With ExxonMobil now in full swing (Chevron secretly as well via Ioneer) moving into lithium market, there should no longer be any lingering doubt about economics and scaling up DLE to commercial level.
Europe's goal for local supply is only at 20% of CRMA target, VUL having long-term offtakes means production is already set to be profitable comes commercialisation.
Year 2026 is really not that far away. In mining terms, that's a short timeframe.
Full disclosure: We acquired VUL in end of 2019 for 20-25c per share, sold at $14/share based on overvaluation by the market not about economic viability of the project. Now we are acquiring again, incrementally over a couple of weeks.
My agenda for disclosure is to ensure confidence in the market, despite the volatility being created by China to keep their lead or otherwise overtake market share in all levels of value chain: raw materials, battery manufacturing, EV - both materials and professional services.
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