WR1 General Discussion, page-32638

In recent weeks we've heard how much he hates Westerners, Western govts, and democracy. Cycling through the usual dumb arguments, (eg "quebec is too cold for mining") our China-based activist spammer is now back to claiming that WR1's success hinges on quickly getting a hydroxide conversion plant up and running by, say 2028 when the SC begins to flow from Adina-Renard. As usual it a bad / dishonest argument:

- you don't need to convert to hydroxide (more technically challenging). They could simply do carbonate (easier, better for ESS, growing market share for these battery chemistries globally.)

- provincial and federal govts will continue throwing huge incentives at strategics who want to convert in Canada, keeping the entire supply chain in North America. It would be a more economically appealing for the strategic than conversion in Australia.

- whether this conversion capacity is ready in 2028 or 2035 or never, it doesn't matter. There would be a tiny cost per tonne ($20-$30) to bulk ship from Quebec to Korea or Japan for conversion there.

WR1 faces very few challenges compared to peers:

- 1bn plant available to purchase for 50m, only minor upgrades required = very low capital intensity. Will easily be lowest in Canada and on par or lower than some Brazilian development (especially when you consider govt grant, loan and tax credit schemes.)

- Renard has its own power supply, sufficient for processing AND charging an EV trucking & mining fleet

- other companies will struggle to secure grid power access due to limitations imposed by Hydro Quebec, which needs to expand capacity

- similarly, trucking restrictions that would hamper Corvette and James Bay won't apply to WR1's route south to their rail hub.