One would imagine good as it would help support the Vidalia expansion project.
Vidalia Further Expansion (Phase 3) In April 2023, Syrah announced the completion of a Definitive Feasibility Study on the expansion of Vidalia’s production capacity to 45ktpa AAM, inclusive of the 11.25ktpa AAM facility15, which confirmed that the project is technically viable, financially robust and is expected to deliver significant value for Syrah shareholders and other stakeholders. Whilst focussing on cost management, Syrah is progressing transition engineering, permitting and other long lead procurement activities for the expansion of Vidalia’s production capacity to 45ktpa AAM, inclusive of 11.25ktpa AAM (“Vidalia Further Expansion”) ahead of an FID to be considered by the Syrah Board. The Company is progressing offtake agreements and preparing the project for FID readiness. Commercial AAM sales from the 11.25ktpa AAM Vidalia facility and significant customer commitments are vital for the Company to finalise project financing and will determine FID timing. Detailed engineering, long-lead items and other procurement, and construction activities will follow a Syrah Board approved FID sequentially.
SYR Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
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