FL have some pretty bad project economics. They need about 1bn USD to produce just 160ktpa SC6 and convert to 20ktpa LiOH. Mitsubishi grabbing 7.5% for 25m USD working capital isn't a great deal for FL holders imo, and they'll be diluted into oblivion as Mitsubishi progressively commit to providing or contributing to the enormous capex.
WR1 by comparison will utilise DMS-only processing (low capex) and because it's not a stranded project like FL, will almost certainly just be selling the spod to an offtake partner who will be responsible for the conversion capex.
WR1 General Discussion, page-26524
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76.5¢ |
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Mkt cap ! $164.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 43997 | 75.0¢ |
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| Price($) | Vol. | No. |
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