Financial HealthCurrent cash balance is approximately US$11M, and it is expected that NEXT will require additional funding in the near term, assuming a US$10M equity raise.
Operational UncertaintyNEXT may terminate the lease for its planned Mauritius facility if required permits are not secured.
Regulatory ChallengesThe environmental impact assessment process for the Mauritius BAF remains ongoing, creating uncertainty, and if the required permits are not secured, NEXT may terminate the lease for its planned facility.