As I understand it without the merge we would qualify in 2 ways, first any straight battery grade brine we can ship direct to the USA and technical grade brine sent to Japan for hydroxide processing and sent back the USA. Both will likely qualify for the IRA.
The merge with Livent gives us converters in both the USA and China, so any brine for processing sent to the USA converter will qualify and obviously the China converters will not.
The 50% of the Livent Nemaska project which is the old project that went broke a number of years ago was always an integrated project with both Hard Rock mining and conversion in Canada, this remains and will qualify for the IRA. Lastly if we have that Nemaska converter in Canada the James Bay Spod could go to this converter so would qualify right away, again depends on timing and the expansions of the converter in Canada.
Thanks.
AKE Price at posting:
$9.25 Sentiment: Buy Disclosure: Held
