A year ago they got $30M.
part of that was to accelerate the development of sulphate production.
to date, I don't see any acceleration to be honest. Other players are already on pilot plant construction, all we got I think is a patent for one step of the process that no one cares as they all have their own process unit steps sorted and into pilot testing.
like everyone else, patience is getting eroded given the pressure on demand is mounting for EV.
I will wait a bit more, as I'm still convinced Mn is the forgotten battery metal, but indeed disappointing to see lack of progress with so much money in the bank earning 1% interest doing nothing.
All it needs is a small spark to light up the bomb. I guess the spark will come from other similar companies hitting the news and hopefully get a contagion effect.
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