Cost ManagementCost-cutting initiatives make an impact. During the quarter, cash operating costs, excluding royalties, decreased significantly to $3.12/lb (-43% YoY).
Joint Venture PotentialThe formation of a joint venture with Stryten Energy could become a major force in the U.S. domestic vanadium production and supply chain.
Operational CapabilitiesThe ramp-up of ilmenite concentrate production was successful, affirming the company's operational capabilities.