1. Can the company provide insight as to its marketing strategy for attracting both partners and new investors, particularly in the USA?
Talking to OEMs
Broad spectrum of potentials
(Question not really answered)
2. How far has the bromine extraction strategy progressed and when can we expect solid news about the tech and methods to extract bromine and other secondary minerals?
Bromine (and other potential minerals) will not be extracted until stage 1 is operational. The brine will be reinjected to a more shallow depth so that it is easier to recover later.
3. Is there a plan to incorporate iodine into the first stage?
No, see above
4. Government funding: is there progress on this front?
Looking at options both from govt and banks. Govt good but takes longer.
5. Relocation of Paradox plant: Will it affect the amount of hydro power generated for the plant?
Paradox plant can run from energy produced as the brine exits the ground and has it returns. The return energy generation is gravitational. Green River is on flat land and won't have this same return energy generation.
6. What are the terms for the new paradox plant location? What are the lease terms and costs? Is this part of a JV or some other partnership?
Outright purchase by anson
(Need clarification on this?)
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Change of auditor to Ernst and Young
Strategic rationale for other projects:
Spending limited amount on them, Australia requires a minimum spend to maintain.
Market research has been conducted, some commodities are moving into a good space, like uranium.
Lithium remains the priority.
USA pay land lease annually to retain, Australia requires progression on leases to retain.
Loans: DOE issues with Chinese stakeholders (eg Ford's problems). Sunresin not flagged as an issue by DOE because it's a commercial partnership.
Positive catalysts for next quarter:
Offtake
Jorc for green river
Approvals/permitting
FEED (requires approvals)
Funding (requires FEED)
(20min delay)