Nano -Filtration owned and operated by Authium replaces the Reagent/filter plant. Ponds remain the same, end product GLN sells (Lithium Chloride) remains the same. What Authium do with it after GLN delivers it stateside is up to them.
The beauty of this approach over and above cost savings and speed to market is that GLN goes cash flow positive quicker, because they only have 6m USD prepayment facility to offset versus the 40m USD facility that was proposed with Chemphys.
My understanding is that the Authium filtration plant is modular and can be set up very quickly.
GLN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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