again absolutely misleading the assertion that nothing matters...

again absolutely misleading the assertion that nothing matters until binding offtakes are secured ignores the reality of resource development. In the mining and critical minerals industry, the securing of resources and the establishment of credible exploration results are the first critical steps before offtake agreements even come into play.

Rimfire, for example, has made significant strides by defining JORC-compliant Mineral Resource Estimates (MREs) at Murga North and Melrose, which are essential to attract offtake partners in the future. The rush to demand offtakes now is premature and seems designed to detract from real, tangible progress.

The suggestion that scandium isn’t “a thing” until offtakes are secured is a simplistic and misleading narrative. The global demand for scandium is growing, driven by its critical applications in aerospace, automotive, and renewable energy sectors.

Companies involved in scandium exploration, like Rimfire, are positioning themselves to meet this future demand. By focusing only on current offtakes, the argument ignores the long-term strategic value that companies are building by expanding their resource base

The “wait and see” argument is a common tactic used to dissuade early investors from recognise opportunities. The development of critical minerals projects takes time, and early-stage investors stand to benefit most once the market catches up to the resource potential.

Waiting for offtake agreements means missing the opportunity to invest when prices are lower. By focusing on this “wait and see” narrative, the argument distracts from the real progress Rimfire is making in Your advancing their exploration projects and securing critical resources.

Show Me the Money” Argument Ignores Market Realities: This appeal to “show me the money” with offtakes assumes that a project is only viable when such agreements are signed, which is a mischaracterisation of how the mining sector works. Binding off-takes are often signed after the resources are proven and sufficiently developed.

Companies like Rimfire are working through the exploration and resource development phases, which are necessary prerequisites before offtakes can be secured. This argument seems to be deliberately focusing on a metric that is irrelevant at this stage of project development, misleading potential investors about the actual state of the market.