First we were all saying that we need an offtakes agreement for...

First we were all saying that we need an offtakes agreement for the funding.We got the traxxys one but what's it done for us in regards to getting funding.....

Everything, without it there is no funding , however Traxys is binding for Lithium but not binding for Caesium , they are acting as an agent for Caesium with the aim of securing a binding offtake which is required by lenders, Hopefully that will be soon but will take the time it takes but it will happen.

As previously advised caesium chemical samples were dispatched to multiple consumers early in the quarter. Positive feedback has been received with all samples being declared as meeting individual specifications. Lepidico continues to seek binding caesium offtake terms this current quarter, to allow due diligence by prospective lenders.

We are dealing with Banks , other potential lenders, Govt's and end consumers on two separate projects ,when your after funding or permitting you March to their tune , all you can do is go through the required hoops which are extensive and then wait and wait, all the bitching in the world won't change that, its a complex and slow process..

Cheers Whisky