Documents

Subdued Q2 graphite sales amid policy uncertainty; Vidalia nears commercial ramp-up and funding secured.

Liquidity reset and operational ramp-up position the business for growth amid evolving market dynamics.

Strong Balama recovery and policy shifts position the business for growth in 2026.

Balama resumed shipments and Vidalia secured tax credits, boosting cash and future prospects.

Balama production restarted and Vidalia AAM sales anticipated, supported by new equity funding.

No Balama output in Q1; Vidalia nears commercial sales amid strong U.S. policy support.

Severe Q4 disruptions and policy uncertainty challenge operations, but U.S. support and sustainability offer upside.

Secured $150M DFC loan amid volatile graphite markets and policy-driven offtake delays.

Policy-driven delays and market headwinds push Vidalia sales to 2025; cost controls prioritized.