Conservative Balance Sheet / Low DebtVery low financial leverage gives the company durable flexibility to fund exploration and development without material near-term interest burden. This reduces refinancing risk and supports project advancement over months, preserving optionality for partnerships or staged development.
Strategic REE Asset: Wicheeda ProjectOwning the Wicheeda rare-earth project provides a structural asset base that can drive long-term value if advanced. As the company's primary development focus, it creates optionality for resource definition, off-take or JV deals and positions the firm within the REE supply chain over time.
Improving Free Cash Flow TrendYear-over-year improvement in free cash flow signals management progress on cost control or timing, reducing the pace of cash burn. While still negative, a sustained improvement trajectory materially lowers near-term funding pressure and supports continued project work over coming quarters.