Low-leverage Balance SheetExtremely low debt relative to equity materially reduces financing and solvency risk during the multi-year development cycle. This balance-sheet flexibility increases optionality to pursue permitting, feasibility and construction without immediate forced capital raises, improving resilience through commodity cycles.
Flagship Rose Lithium Asset In QuébecOwning a large spodumene project located in Québec positions the company within the structural EV battery supply chain. A Canadian, jurisdictionally stable asset supports permitting and offtake attraction over time, and the underlying long-term secular demand for lithium underpins project value if development is executed.
By-product Diversification From TantalumPotential tantalum by-products provide meaningful project-level diversification, improving realized revenue per tonne and smoothing economics versus single-commodity exposure. Durable by-product credits can bolster margins and cash generation once production starts, reducing sensitivity to lithium price swings.