General Discussions, page-30177

I am convinced that the recent slowing in electric vehicle sales and demand for EV materials has played right into our hands.It has given RNU time to further progress its back room preparedness for a FID and will see the Electricity Grid upgrade just in time for our mine construction which I have previously stated I believe will be in late Q1 2025.
In the meantime RNU and its prospective clients have time to better understand the requirements and implications of recent Federal Government policies that will affect critical mineral projects moving forward.
The IRA will see North America as one of the most significant markets for our graphite.We will have a competitive position no matter who is producing anodes.
The IRA and other policy iniatives such as the US tariffs offer incentives for ex China production and this could create a bifurcated pricing market further incentivising Ex China production This will favour RNUs vertically integrated plans and open up more possibilities to go even further downstream.
The Chinese may even need more graphite than they need as the Electric Vehicle market grows.And one last thing.The obvious explosion in Battery Storeage now and into the future are using Lithium Ion batteries almost exclusively.