Low Leverage / Conservative Balance SheetVery low debt reduces financial distress risk for a pre‑production explorer, extending runway between financings. A conservative capital structure improves partner/JV appeal and provides flexibility to fund drilling, studies, and permitting without excessive leverage pressure.
Strategic Focus On Critical Minerals (Julimar Project)Concentration on nickel, copper and PGEs aligns the company with durable secular demand from EVs, electrification and green energy. This structural exposure enhances the strategic value of resources and increases likelihood of long‑term offtake, JV or funding interest if resources are proven.
Narrowing Net Losses In FY2025A meaningful reduction in losses indicates improving program efficiency or cost control, which can sustainably reduce cash burn. If maintained, this trend improves capital efficiency, reduces dilution needs and raises the probability of advancing projects toward commercial outcomes.