Shareholders have been told (via webinars) that financing is in progress and that by H1 2026 construction should start.
What is your market cap guess, and moving up the lassonde curve after the financing announcement.
Care to venture a guess on the amount of probable equity financing that will be required.
Thank you
GENM got a letter of support for $200M in May, but the company has not 'officially' commented after that. All in, the company has non-dilutive financing for about $600M of the $1B+ cost. Since the stock has already moved up 400+% this year, and has more than half the financing in place, we would not expect a giant move on a final announcement. Management has promised 'early 2026' for completion. Shares might move to 90c or so as another part of the equation gets de-risked. Of course, this assumes the sector stays strong. Start of construction should see another de-risk re-rating when it occurs. Keep in mind another equity financing (perhaps a condition of the final debt tranche) could temper gains if one occurs. But market cap should start to approach $300 if multiple re-ratings occur with mine progress.