Very Low LeverageA debt-to-equity ratio of ~0.0043 indicates minimal financial leverage, lowering interest burden and default risk. For a development-stage miner this stability preserves capacity to raise project finance or take strategic partners without heavy fixed debt costs, aiding long-term project delivery.
Defined Flagship Spodumene Asset (Ewoyaa)Owning a clearly defined hard-rock spodumene project provides a tangible pathway to producing lithium concentrate for batteries. Structural EV and battery raw-material demand supports the asset's strategic relevance; a developed Ewoyaa can create durable revenue streams tied to long-term battery supply chains.
Improving Free Cash Flow TrendFree cash flow growth of ~34% signals operational progress versus prior periods. While absolute FCF remains negative, a rising FCF trend improves financing optionality, can lengthen runway, and de-risks project development by showing improving ability to convert activities into cash over upcoming months.