Proprietary Decarbonisation TechECT's core technology targets emissions reduction and low-grade ore upgrading in the steel supply chain, aligning with multi-year decarbonisation pressures. That structural demand can create a durable addressable market for technology adoption, supporting long-term licensing opportunities if validated.
Licensing/commercialisation ModelA licensing-focused model is capital-light and scalable relative to owning production assets. If ECT proves process performance, licensing can deliver higher incremental margins, recurring revenues and faster geographic reach via partners, improving long-term scalability and cash generation potential.
Improving Cash BurnOperating and free cash flow materially improved in 2025 versus 2024, indicating better cost control or execution progress. That step-down in cash burn reduces short-term financing pressure, evidences operational discipline, and lowers execution risk as the company pursues commercialization over the next months.