Great news for the LT faithful!!!
Despite what the haters want you to believe, this is not some “failure” to secure the expansion strategic partner, it is in “parallel and complementary” to that. That process continues.
This deal looks to be the build up to an offtake for the 2ktpa plant. Great news!
At a premium to the recent sp.
Take that haters!
Will the expansion deal be with them also, or a related entity? Who knows, but a great start nonetheless.
This funding, afaict, will see us through for an additional 2-3 months - beyond what our current cash already allows for - depending on how our production output increases (higher output = higher monthly opex).
Fantastic.
Just like a duck on a pond, the feet are actually scrambling even though it’s not obvious to everyone.
Nice.
Ann: US$5M Strategic Investment by ATL, page-82
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