The Canadian company has spondumene tenements in Canada and want to build a LiOH converter in Germany. Rock tech.
Europe's EV market is expected to be the same size as China in a few years.
They will need many more LiOH refineries than currently mooted to supply the EV battery plants planned in the next 5 years.
There is nothing wrong with having more than one Li share.
From my point of view the risk is the same risk as it was before JCap et al however the Geo DLE risk is diminishing with others like GEO40, Cornish Lithium, CTR all doing the same and showing promising results.
Economically and funding wise sitting next door to the ev batterymakers in Germany is a very big plus.
VUL may not end up being the world's first.
All those copycats!
Short Seller Report, page-422
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