Commodity Price RiskExposure to anode-material and graphite price fluctuations could compress project margins if realized prices fall below modeled thresholds.
Financing RiskPre-revenue status and likely need for additional capital raises create dilution risk and could pressure execution if new financing is obtained on unfavorable terms.
Operational And Technical RiskComplexities in scaling mining and processing operations could cause technical setbacks, production delays, and higher-than-expected development costs.