Jun. 9 at 2:02 PM
$SDST Final thought - the DLA need a White Paper written - might be by SDST? That moves it from a submission awaiting a lengthy round of edits—to being the essence of the final Request for Proposal (RFP).
DLA is mandated to secure Lithium Carbonate for the US - SDST are the only viable source - they give a 10 year LTA, that satisfies the DoE LPO conditions.
I can only see that the
$150M LoI could have come from Silica, the private wing of Forge. The DLA LTA allows Silica to convert their LoI into binding and the 15K tons contract from Salton Sea deposits coverts to binding - its not helping the stock, as everyone seems occupied with the theatre of the ENR (S.789/714/755) which are irrelevant to this fiscal plan - although they will, of course, claim all credit after the event.
SDST cannot rely on the fickle nature of the senate for their FID - the pivot to DLA and Silica as a path to the DoE LPO is clearer?
IMHO
