Financing And Dilution RiskPrevious equity raises and the likelihood of additional capital needs create dilution and financing risk that could negatively affect shareholder returns if new funding terms are unfavorable.
Operational, Price And Permitting RisksAnode-material and graphite price volatility, technical and operational challenges, and permitting hurdles could delay production timelines or reduce project margins.
Pre-revenue Execution RiskCompany remains pre-revenue and will require further capital before commercial sales, increasing execution risk and dependence on successful financing rounds.