Commercial Production MilestoneThe Soda Lake facility start-up and initial commercial sales represent a structural transition from development to operating asset. This de-risks the business model, validates production capability, and establishes a pathway to recurring revenue and scale if production and offtake continue.
Meaningful Equity CushionA tangible equity base relative to assets gives the company a financial buffer to absorb early losses and fund initial operations. That cushion improves solvency resilience, supports credit access, and reduces immediate bankruptcy risk while commercial production ramps up.
Financing Support SecuredRecent financing events and note conversions provide near-term runway to complete start-up and initial commercialization. Structurally, secured capital reduces acute refinancing risk and allows execution on operational milestones, though it may change ownership mix.