Balance Sheet StrengthVery low leverage and a sizable equity base provide durable solvency and financial flexibility. Over the next 2–6 months this reduces refinancing risk, supports continued exploration spend, and makes the company a more credible counterparty for farm-outs or JV funding without immediate debt pressure.
Defined Monetization PathwayA clear, industry-standard economic pathway (acquire concessions, advance exploration, then sell/farm-out/JV or develop) gives structural optionality. This makes multiple non-exclusive exit and funding routes possible, increasing the durability of strategic choices as results and partner interest evolve.
Early Revenue ImprovementA sizable percentage increase in revenue in 2025, while small in absolute terms, signals early operational progress and potential commercialization steps. Sustained top-line improvement can attract JV partners or buyers and reduce the time horizon to monetization if the trend continues over several quarters.