Hi everyone, I wanted to open up a thread focusing on the facts...

Hi everyone, I wanted to open up a thread focusing on the facts regarding what has been a dense pipeline of project updates.

6 Jul 2021 - HPA First Project and Product Marketing Update
3 Jun - 2021 - Successful Completion of $50M Placement
1 Jun 2021 - Accelerating Production with Precursor Production Facility
28 May 2021 - Marketing and Product Development Update (Further orders to German LEDs, St Gobain & Japanese Li-battery OEM)
21 May 2021 - Carbon Footprint Modelling Highlights Green Credentials (strong case for marketing to the EU)
3 May 2021 - MoU for EU Specialty Markets
30 Apr 2021 - MoU with CleanCo QLD to provide up to 100% renewable energy (strong case for marketing to the EU)
28 Apr 2021 - MoU for Japan and China Specialty Markets
21 Apr 2021 - MoU with global materials company Saint Gobain
2 Mar 2021 - Product Marketing and Project Update (A4N makes successful single crystal sapphire glass boule - I think the first to do this)
2 Feb 2021 - HPA First Project Receives QLD Govt MCU Approval
23 Dec 2020 - Orica Agreements Update
25 Nov 2020 - MOU to market products to specialty North American markets
8 Oct 2020 - High-purity Li-ion cathode pre-cursor
28 Sep 2020 - 5N purity, alumina coating pre-cursor for Li-ion electrodes
20 Aug 2020 - Offtake, Marketing and Financing MOU with Traxys

In my opinion, credibility is everything in the HPA market. Perhaps folks on this forum forget that the manufacturing of HPA is a novel technological process, no matter the method. It makes a lot of sense to me that off-take partners of HPA will be looking for evidence of:
(a) delivering a quality 99.99+% product,
(b) taking proof of concept to marketable applications; and
(c) demonstrating a strong track record of meeting demand at scale.

As detailed in the above listed announcements, A4N have sought to address these needs through:
- Consistent production and sale of 5N HPA, pre-cursor #1 and precursor #2 product.
- Demonstrating product applications in glass boule (for LED and optical applications) and coatings/cathode materials (li-battery separators and electrodes).
- Demonstrating a track record of professionalism and reliability in product throughput and quality through the PPF.

I believe they are on the path to reduce their technological and logistical risk to form agreements with potential off-take market partners with even the most conservative risk appetites. Being the first in best dressed has positioned Rimas to play this competitively, to potentially squeeze out other HPA producers as A4N builds a portfolio of agreements with the existing HPA demand (largely optics related) and likely risk-averse future HPA demand (li-battery applications).

Worley now at work on the Front End Engineering Design is a clear message of quality and integrity for this work. We are getting very close to detailed design, with cash in the bank to make it happen. Another standout in the recent update: "Orica and Alpha anticipate signing the contracts in late July or early August."

Disclaimer: the contents of this post are of my own opinion and this is not financial advice.