Yes that would be nice, but I don't think we are going to need it given the company is making 'excellent progress' on its off-take strategy.
'Excellent progress' likely signals all is well with the Shenghe funding for offtake deal. This is the same arrangement they had with Mountain Pass and Peak appears to be their replacement.
"Shenghe was part of the consortium that acquired Mountain Pass out of bankruptcy in 2017, funding the restart with prepaid offtake"
Binding offtake negotiations and the project financing process are well advanced, Shenghe have a seat on the board and just increased their holding to maintain 19.9%
I'd expect an update from the company very soon, not necessarily on funding but on the drilling campaign, early earthworks preparation and preparing to place long lead-time orders according to their 'indicative timeline', but who knows when the announcement on binding offtake and project financing might drop on the market. FID in September which is now only 6 weeks away.
It is hard to believe that the company is finally approaching concrete action but there you go.
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