Ann: Vanadium Recovery Strategy Update, page-17

No matter how you look at it, it is not good news.

75% of their projects are now dead in the water, and are extremely unlikely to offer near term value despite millions of dollars being "invested".

There are 2 quarters remaining, and shareholders will need to chip in anyways, unless the company can perform some magic - which they haven't been able to do for a long time.

They don't own 100% of the battery recycling project, so the headline numbers you read need to be adjusted accordingly.

I honestly feel there is a lot more red to be experienced before there is sustainable green.