FAST-41 Federal Permitting Designation
Coosa received designation under the FAST-41 federal permitting program during the quarter, improving coordination and transparency across federal agencies and expected to produce an agreed permitting timeline in Q2.
Qualification Line Producing Metric-Ton Scale Samples
Kellyton operational qualification line produced aggregate CSPG sample volumes exceeding 1 metric ton during the quarter, providing qualification-scale material ahead of many North American peers.
Clear Phase 1 Capital Estimate with Contingency
Phase 1 capital estimate for Kellyton remains approximately $245 million, which includes an untouched contingency of $19 million (≈7.8% of Phase 1 capex).
Liquidity and Financing Tools in Place
Company ended the quarter with approximately $41.5 million cash on hand, raised $1.2 million from the ATM during the quarter, has ~ $71 million available capacity on the ATM facility and ~ $26 million of undrawn committed capital on the ELOC.
Clear Production Timeline (Conditional)
Management continues to expect initial production within approximately 12 months, assuming financing is secured; construction buildings are complete and project design supports phased commissioning.
Active Commercial and Government Engagement
Ongoing customer qualification activity with multiple customers (some far along), continued inbound interest due to supply chain security concerns, and active pursuit of nondilutive government funding and other project-level financing.