The LGA timeline for Route 167 is old news. It's now likely to be CMIF funded and I hear from a Canadian lithium insider (not connected to WR1) that the whole extension (ie beyond Adina and up to the TT highway) is anticipated to be ready by 2028. A haul road from Renard to Adina is a much smaller project.
A conversion facility could be completed in 1.5 years, so there is still plenty of time to make a deal with a converter who will presumably set up in Becancour.
My thoughts on a deal have changed a bit since the initial euphoria. I think the best strategy is to put off signing binding offtakes for as long as possible, because it's a sellers' market for M&A and as Adina grows and Adina-Renard derisks there's a very good chance RIO or a similar player will just acquire the whole thing.
The LGA timeline for Route 167 is old news. It's now likely to...
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Last
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Change
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Mkt cap ! $238.4M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.31 | $1.23 | $851.0K | 677.6K |
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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| Last updated 15.59pm 13/05/2024 ? | |||||
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