Capital Raising And Execution RiskProject development depends on significant additional debt and equity funding, creating execution and capital-raising risk if binding financing and export-credit support are not secured.
Commercialization And Scale-up RiskCommercial success relies on converting development-stage scandium processing and pilot efforts into scalable production, leaving room for technical or scale-up setbacks that could delay revenue generation.
Pre-revenue Status And Timeline To Cash FlowThe company remains pre-revenue with initial commercial revenue not expected until 2030, extending the period before investors can see operating cash flows.