Ann: Tivan completes redemption of Convertibles Notes, page-11

Debt Free.
Binding JV agreement with drilling program funded.
Goverment Grant to take Aus firsr Fluorite project through to DFS.
High Net worth Au Family office invested in JV.
MRE enough to get a major Japanese partner to commit at such an early stage.
Based on PFS 60% of capex funded for project.
The rest could come from a multitude of sources, but based on the above I'm pretty sure there will be enough interest for debt financing.
Co is drilling 35km in WA at Speewah to firm up the resource & increase this MRE which in turn extends LOM & improves the NPV
Then low cost moon shots with Sandover Fluorite, Turascai in Timor-Leste & the balance of tenements in central Australia should keep a constant level of anticipation alive as these areas are drilled.
Then there is on a different trajectory if ducks line up Vanadium & VRFB electrolyte.
Plus in the background sector support from a govt just returned, perhaps for some time, certainly is there with NAIF, the grant awarded for critical mineral projects with int partners, royalty holiday, was another from memory for critical minerals.

So although it perhaps feels like things are in a holding pattern whilst drilling is underway, I think in terms of whether this will be a dividend paying stock approaches steadily & increasingly confidently. A pretty sound each way bet with the upside potential being pretty high.

Debt Free.
No immediate need for a CR.
Drilling funded.
DFS funded.
Project funding via the JV, Sumitomo, family office enough to secure the debt component.
The hard work means all but for time, we have a project.

And yet somehow I don't think the above will be all the only prospects being considered.