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Achieved first-ever adjusted gross profit of $1.7 million, driven by a 400% revenue increase and the realization of economies of scale at the first recycling facility.
Improved operational efficiency by reducing cash spend on operations by 16% despite a fourfold increase in throughput, demonstrating a decoupling of volume from variable costs.
Secured a zero long-term debt position while increasing the cash balance to $49.5 million, providing a stable foundation for capital-intensive expansion projects.
Advanced the Tonopah Flats Lithium Project by receiving BLM certification for the plan of operations, marking the transition from pre-NEPA to the formal NEPA permitting process.
#cash
Achieved first-ever adjusted gross profit of $1.7 million, driven by a 400% revenue increase and the realization of economies of scale at the first recycling facility.
Improved operational efficiency by reducing cash spend on operations by 16% despite a fourfold increase in throughput, demonstrating a decoupling of volume from variable costs.
Secured a zero long-term debt position while increasing the cash balance to $49.5 million, providing a stable foundation for capital-intensive expansion projects.
Advanced the Tonopah Flats Lithium Project by receiving BLM certification for the plan of operations, marking the transition from pre-NEPA to the formal NEPA permitting process.
#cash
2 months ago
