Tech partner Authium comes out of nowhere. No prior visibility of them being involved at the salar with GLN - but yes with Rio assests, which raises questions. If their nano-filtration setup actually removes the need for liming and significantly cuts capex, then fair play — but does GLN even have the permits in place for that process?
Offtake partner isn’t named. While Authium looks to be backing the equipment and prepaying cash, they don’t appear to trade lithium themselves. So who’s actually buying the 45kt? Still wondering if Chemphys is quietly in the mix.
This whole thing reads like a last-minute, high-risk pivot to keep things moving.
Happy to be wrong — but the upside hinges on that 45kt being delivered in 6 years, not 12.
More questions than answers at this point whether is a masterstroke or not?
GLTAH
Esc
GLN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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