LRS General Discussion, page-15911

Regarding finance to build (Approx USD $250M) a plant,I would think the preference would be Debt from a syndicate of Brazilian banks ,rather than a diluting capital raise.

The second option is a credit facility from an offtake providers, a bit like Ford did with LTR ($USD300M).However, this can be a bit of a bear hug with one partner. Better to by neutral in your financing.

I think that this slump in Li spot price may actually have a silver lining for LRS operating in a Low expense environment.

I think many of our competitors who operate in high OPEX /CAPEX areas will delay ,scale back or moth ball some projects.

Remember how long it takes to get a mine to operation in Australia and Canada ,red tape, green tape,Native title etc.

So it may thin the field out somewhat.

I think CXO was the first of many.

HNY to all LRS holders ,let's have a great 2024!!