Nemaska Lithium just reported that they need an extra CAD $375M to complete construction and to meet debt drawdown conditions of their funding arrangement. Granted they are building a hydroxide and carbonate plant and a direct comparison to A40 is not accurate.
However, what I did what to point out that even though some are groaning about maybe having to draw down debt on our facility this quarter (which I still believe we won't) - that A40 is nowhere near in the same dire positions as some of these other companies that do have such massive debt in the present lithium sector sentiment.
We are producing, cash in coming in and costs are coming down. Once prices begin to trend back up, A40 will be in an envious position to many others.
Haplo
A40 Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held