Early-stage Development RiskThe rare earth and critical minerals project remains at an early stage, exposing the company to technical, permitting and commercialization risks that could delay or dilute anticipated benefits.
Market And Political HeadwindsA weakening outlook for certain rare earth markets amid shifting trade dynamics and recent political developments, combined with analyst downgrades, could pressure investor sentiment and the stock price.
Pilot And Offtake Execution RiskCommercial viability depends on successful pilot plant test results, upgraded resource classifications and securing downstream offtake partners, leaving project economics uncertain until those milestones are met.