The "white knight" that would have made sense is EcoPro ... the CAM producer with a plant under construction in Becancour and with OTA with ALTM for Hydroxide from their refinery in Becancour.
Yet EcoPro chose GT1 to put money in (both topco equity and at asset level). GT1's mining assets are in Ontario and the proposed refinery (target 2028) in Thunder Bay Ontario. Maybe EcoPro is going to upsize their CAM in Becancour and so needs more Hydroxide. Maybe they build another in Ontario. But why not make the same play I indicated earlier using TSLA. But 50% of the NAL asset and take the remaining 50% SC via OTA. The MRE and mine life is way beyond what GT1.
Surely that had to have had the ruler run over it.
The "white knight" that would have made sense is EcoPro ... the...
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Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.7¢ | 3.3¢ | $2.297M | 65.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3286581 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 5233481 | 9 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| SYA (ASX) Chart |