Risk Factors Update Summary
- The Company needs external financing of up to $24.8 million awarded in December 2022 and $34.6 million conditionally awarded in February 2024 to continue operations.
- Available cash resources are expected to be exhausted in the fourth quarter of 2024.
- The Company may need to raise additional funds through equity, debt, or project-specific debt.
- The Company anticipates higher actual cost estimates due to inflation and increased financing costs.
- Failure to obtain sufficient financing could result in delays or indefinite postponement of operations.
- The Company relies on outside consultants for critical services and may face challenges in hiring appropriate staff.
- The Company expects to incur net losses for the foreseeable future until commercial production begins.
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.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1526243&owner=exclude
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