They really need to start tightening up on expenditure, given we don't know how long the depressed lithium price will last.
Earlier in the year, they said they had enough cash to last at least the year. That turned out to be wrong. The Renard transaction can perhaps justify this, but they still had to raise $25 million.
I hope they make it clear they will do everything possible to reduce expenditures until the market turns while progressing Renard.
It's survival mode for all explorers at the moment. Thankfully, WR1 is much better placed than most.
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