Risk Factors Update Summary
- Net income changed from positive $14.5 million to a net loss of $21.5 million.
- Construction of leaching plant to reduce fluorine levels completed.
- Metal prices heavily influence financials; appreciation of currencies may increase costs significantly.
- Mineral reserve calculations updated from 5 to 7 years mine life.
- Debt increased from $75 million to $100 million with potential for further increase.
- Interest accrues based on SOFR plus an applicable margin, impacting financial conditions.
- Credit Facility outstanding indebtedness reduced from $9 million to zero.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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