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Showing posts with label Australia. Show all posts
Showing posts with label Australia. Show all posts

Thursday, July 3, 2025

Kraken Robotics in a great position to help supply NATO navies with their sub sea technology - July Update!

 


Did Desjardin just Release the Kraken? - Kraken Robotics Investment and Business Report (June 2025)

Kraken Robotics’ recent momentum as a growing business and investment opportunity, now including these strategic dimensions:

💰 1. C$100 Million Bought-Deal Financing

  • What’s new: Kraken announced a bought‑deal public offering in June 2025—raising roughly C$100 million with a 15% over-allotment.

  • Why it’s positive:

    • Bolsters liquidity, enabling aggressive expansions or debt reduction.

    • Supports continued investment in acquisitions and manufacturing scale-up.

🧪 2. Acquisition of 3D at Depth (Closed April 2025)

🏭 3. Nova Scotia Subsea Battery Facility

  • What happened: Plans for a high-energy SeaPower™ battery plant in Halifax slated for late 2025 krakenrobotics.com+2krakenrobotics.com+2krakenrobotics.com+2.

  • Why it matters:

    • Strategic location: Halifax—Canada East Coast Navy HQ and major NATO port—offers logistical and defense synergies.

    • Defense reach: Perfect staging for contracts, including those with NATO navies. Infrastructure and proven naval partnerships are already in place.

📈 4. Robust Q1 2025 Results & Backlog

  • What happened: Q1 revenue was C$16.1 M with 62.7% gross margin, C$58 M in cash (up sharply YOY), and C$94.6 M in working capital.

  • Why it’s positive:

    • Confirms improved profitability, operational efficiency, and a strong cushion for growth.

🧭 5. Growing Bookings & Service Expansion

  • What happened: Since Q4 2024, Kraken received ~$45 M in subsea battery orders and ~$3 M in sonar bookings.


  • Why it matters:

    • Reflects sustained demand in defense and offshore energy sectors.

    • Validates product-market fit across diverse offerings.

🎯 6. Defense & NATO Engagement

  • What happened: Ongoing contracts include $50 M+ for Royal Canadian Navy mine hunting systems in Halifax and past contracts with NATO navies (Australia and UK).


  • Why it’s important:

    • Halifax facility aligns geographically with Kraken’s East Coast naval customers.

    • Strengthens NATO interoperability and trust amid global naval tensions.

✅ 7. Comprehensive Subsea Ecosystem & Diversification

  • What’s evolving: Kraken now offers sonar (KATFISH™), LiDAR (SeaVision + 3D at Depth), subsea batteries (SeaPower™), and RaaS.


  • Pipeline inspection through Kraken Seapower

  • Why it’s smart:

    • Reduced reliance on a single revenue stream.

    • Offers integrated solutions for underwater defense and infrastructure clients.

📊 Summary Table

StrengthDetails
Financial PowerC$100M financing + C$58M cash = strong investment capability
North American ReachU.S. operations via 3D at Depth + Halifax manufacturing
Defense EcosystemHalifax ties to RCN and NATO; major contracts secured
Tech PortfolioIntegrated sensors + power + service delivery
Proven DemandOrder backlog and major contracts affirm market traction

🎯 Why This Update Matters for Investors

  • Global Expansion: A U.S. footprint hedges geopolitical trade risks, unlocking access to American contracts.

  • Strategic NATO Positioning: Halifax location and facility align with allied naval operations, reinforcing defense supply chain credentials.

  • Integrated Tech Stance: Offers deep-tech defense clients everything from data to power, buoyed by recurring service demand.

  • Financial Firepower: Strong capital reserves enable execution of strategy without dilution or debt stress.

In combining financial strength, geographic diversification (Canada + U.S.), purpose-built naval infrastructure, and a full-stack subsea solution, Kraken Robotics has elevated its status to more than a sensor company—it’s now a strategically aligned defense-tech enabler with actual commercial momentum. These developments make it a more compelling long-term investment.

Here’s a deeper look into Kraken Robotics (PNG/KRKNF) covering contract timelines, valuation considerations, and the competitive landscape:

📅 Contract Timelines & Execution

  • Royal Canadian Navy Remote Mine hunting & Disposal System (RMDS)

    • Awarded: December 2022, with formal kickoff in January 2023.

    • Acquisition phase: 24 months, through end-2024, followed by a 5‑year integrated logistics support (ILS) program ($40 M acquisition + $10 M ILS) .

    • Operational readiness: RMDS installations expected fully operational in 2025 .

  • KATFISH Sonar System for Royal Danish Navy

    • Integration began in 2023, achieving full operational capability in early 2024.

    • Sustenance contract spans 7 years with potential extensions up to 21 years .

  • NATO Vessels Upgrade Contract

    • Roughly US $9 M follow-on deal secured in late 2022 for additional KATFISH units, tentacle winches, and autonomous launch-recovery systems (ALARS) .


📈 Valuation Snapshot & Market Outlook

  • Analyst price targets: Average 12% upside to CA $3.40 (range CA $3.28–$3.68) over the next 12 months .

  • Intrinsic value vs market price:

    • Simply Wall St: Fair value ~CA $3.28, placing current price ~7% below fair value .

  • Key metrics:

    • Trailing P/E around 38× (Yahoo Finance), forward P/E not yet meaningful .

    • P/E ~42× vs industry avg. ~31× (Simply Wall St) .

    • EV/EBITDA ~28× vs sector avg. ~18× .

  • Growth: Earnings projected ~8% annually; last year saw ~136% growth .

🏆 Competitive Positioning

Strengths:

  • Integrated solution platform: Combines advanced sonar (KATFISH™, AquaPix™), subsea LiDAR (SeaVision + 3D at Depth), batteries (SeaPower™), AUVs, and RaaS—enhancing defensibility.

  • Long-term contracts:

    • Danish results show FOC achieved and a multi-year sustainment contract .

    • Canadian RMDS creates 7+ years of recurring revenue .

  • Global adoption: 

  • Deployed across the U.S., U.K., Australia, Denmark, Poland—plus mounting interest from NATO .

Risks:

  • High valuation relative to peers: Premium multiples imply investor expectations for continued growth.

  • Execution risk: Meeting ambitious contract delivery timelines across multiple large-scale programs.

  • Geopolitical dependency: Much revenue tied to defense budgets, which can be cyclical.

🧭 Investment Implications

MetricInsight
Cash flow & marginsLarge multi-year contracts with sustainment provide stable, predictable revenue.
Geographic diversificationU.S. and NATO footprint hedges trade/tension risks; Halifax location aligns with naval operations.
Valuation debateDisagreement between growth-based models (Simply Wall St) and DCF-based (Alpha Spread); current price sits between fair-value estimates.
Catalysts

  • RMDS ramp in 2025

  • Further U.S./EU contracts via 3D at Depth presence

  • Continued deployment of KATFISH on NATO-MCM vessels |

Conclusion: Kraken’s strategic positioning, recurring revenue pipelines, and expanding global engagement present a compelling growth narrative. However, execution reliability and valuation premiums warrant careful monitoring—especially given its ~40× P/E.

Here’s a refined look at how NATO’s new 5% GDP defense‑spending pledge bolsters Kraken Robotics’ strategic positioning—and why it matters:

🌐 NATO’s 5% Defense Commitment

📣 What This Means for Kraken Robotics

  1. Boost in Core Defence Procurement

    • With NATO countries winding up core defense budgets, there's greater emphasis and funding available for equipment like sonar systems (e.g. KATFISH™), underwater LiDAR, power systems, and autonomous platforms—all in Kraken’s portfolio.

  2. Infrastructure Spending Tailwinds

    • The additional 1.5% of GDP aimed at dual-use infrastructure—ports, bridges, cyber, and shipyards—aligns perfectly with Kraken’s Halifax battery plant and its sensor systems used for marine infrastructure monitoring and readiness.

  3. Special Defense Focus on Canada & Allies

    • Canada (currently ~1.3% GDP on defense) is expected to scale up significantly. Kraken’s Halifax facility—on the East Coast naval hub at a major NATO port—is primed to capture more contracts as defense budgets grow.

  4. Leverage European/NATO Industrial Expansion

    • As NATO boosts its defense-industrial base under this plan, Kraken stands to benefit from increased R&D and procurement contracts across the alliance, particularly in the U.S., Canada, and Europe.

📈 Strategic & Investment Implications for Kraken

AxisPositive Impact
Revenue GrowthLarger NATO defense budgets widen pipeline opportunities for sonar, LiDAR, batteries, AUV deployments, and sustainment contracts.
Geographic & Industrial PushKraken's U.S. and Canadian build-out is well‑aligned with NATO’s spending surge, increasing its positioning as a key supplier.
Valuation UpsideGiven Kraken’s high multiples (P/E ~40×), securing new, credible NATO contracts supports earnings growth and validates premium valuation.
Execution RiskWhile budget increases help, Kraken must still deliver projects on-time and scale its capabilities to meet heightened demand.

🧭 Bottom Line

NATO’s 5% GDP commitment is a paradigm shift in defense spending—a ramp-up that directly plays to Kraken Robotics’ strengths:

  • Its full-stack subsea offerings — sonar, LiDAR, batteries, AUV deployment — become increasingly relevant.

  • Its Halifax and U.S. footprint aligns with infrastructure investments and defense-alliances.

  • With large-scale defense budgets unlocking in the coming decade, Kraken is uniquely positioned to capitalize.

Related NATO defense‑spending news

NATO leaders agree to hike military spending and restate 'ironclad commitment' to collective defense
thetimes.co.uk
Nato summit 2025 - as it happened

Related Articles:

A shadow war is brewing under the worlds oceans. 

Release "The Kraken"!



Did Desjardin just Release the Kraken? - Kraken Robotics Investment and Business Report (June 2025)

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Thursday, May 10, 2012

Talison Lithium profits soar in Q3

Talison Lithium LimitedTalison Lithium Limited
TSX : TLH

May 10, 2012 09:28 ET

Talison Lithium Reports Third Quarter Fiscal 2012 Results



PERTH, WESTERN AUSTRALIA--(Marketwire - May 10, 2012) - Talison Lithium Limited ("Talison" or the "Company") (TSX:TLH), (Nasdaq - TLTHF) today announced results for the third quarter of the 2012 fiscal year1.
THIRD QUARTER HIGHLIGHTS
  • Record revenue and EBITDA2 of A$37m and A$12m, an increase of 27% and 90% y/y respectively
  • Net profit of A$8.2m resulting in basic EPS of 7.6 cents per share, a 112% and 100% y/y increase respectively
  • Construction of the Stage 2 Expansion of the Greenbushes Lithium Operations (Expansion) remains on schedule and budget with commissioning expected to be completed by the end of June 2012
  • Cash and cash equivalents increased to A$85.1m at March 31, 2012 notwithstanding continued capital expenditure during the quarter for the Expansion
  • Outlook remains positive, with early indications that global supply may tighten in FY2013
THIRD QUARTER HIGHLIGHTS Three Months ended % Change Nine Months ended % Change
March 31 (unaudited) March 31 (unaudited)
(in thousands A$, unless noted otherwise) FY12 FY11 FY12 FY11
Sales Volume (tonnes lithium concentrate) 111,896 97,001 15 % 267,432 247,085 8 %
Sales Price (Average US$/tonne) US$340 US$303 12 % US$328 US$310 6 %
Revenue $ 36,965 $ 29,207 27 % $ 85,530 $ 83,089 3 %
Cash Operating COGS ($/tonne lithium concentrate) $ 195 $ 195 0 % $ 196 $ 208 (6 %)
EBITDA $ 11,964 $ 6,308 90 % $ 23,477 $ 18,311 28 %
EBITDA Margin 32 % 22 % +1,000bps 27 % 22 % +500bps
Net Profit $ 8,220 $ 3,874 112 % $ 15,469 $ 15,0453 3 %
Basic EPS (cents/share) 7.6 3.8 100 % 14.3 18.13 (21 %)

"Talison had an outstanding third quarter, with records achieved in sales volume, revenue and EBITDA." Peter Oliver, Chief Executive Officer and Managing Director commented. "This exceptional performance, in conjunction with Talison's strong cash reserves, positions the Company well for the future development of the lithium carbonate plant."
Oliver continued, "Adding to our record quarter, I am pleased to report that the Expansion continues on-time and on budget as it nears completion. The increased capacity provided by the expansion will enable Talison to respond rapidly to changing conditions in the lithium market."
1 Information in this press release is in relation to the unaudited condensed consolidated interim financial statements of Talison as at and for the interim period ended March 31, 2012 (collectively, the "Financial Statements") and should be read in conjunction with Financial Statements. The financial information contained in this press release is derived from the Financial Statements, which were prepared in accordance with International Financial Reporting Standards ("IFRS"). All amounts in this press release are expressed in Australian dollars ("A$") unless otherwise identified. References to "C$" are to Canadian dollars and references to "US$" are to United States dollars.
2 The term "EBITDA" is a non-IFRS financial measure. For further information and a reconciliation of EBITDA to its IFRS-compliant income statement, refer to "Non-IFRS Performance Measures" in Management's Discussion and Analysis of the financial condition and results of operations of Talison Lithium Limited as at and for the interim period ended March 31, 2012 (which can be found on Talison's SEDAR profile at www.sedar.com).
3 The net profit and basic EPS for the nine months ended March 31, 2011 include certain items which relate to the Re-Organization of Talison Minerals Pty Ltd before it was acquired by Talison and as such, do not provide a meaningful comparative to the results of Talison for the nine months ended March 31, 2012.
THIRD QUARTER-FINANCIAL RESULTS
Revenue of A$37.0 million was generated in the quarter, a 27% increase from the third quarter of fiscal 2011.
EBITDA of A$12.0 million represented a A$5.7 million, or 90% increase over the corresponding period in the prior year. EBITDA margin increased to 32%. Increases in revenue and EBITDA were primarily driven by higher sales volume and an increase in average sales price.
Net profit and earnings per share for the third quarter of A$8.2 million and A$0.076 were respectively a 112% and 100% increase on the corresponding period in fiscal 2011.
Cash inflow from operating activities for third quarter of A$16.3 million, was A$8.1 million higher than the corresponding period in the prior year due to increased sales revenue.
Cash and cash equivalents at March 31, 2012 increased during the quarter to A$85.1 million notwithstanding the ongoing capital expenditure of the Expansion.
THIRD QUARTER-SALES & PRODUCTION RESULTS
Talison sold a record 111,896 tonnes of lithium concentrate (approximately 16,600 tonnes lithium carbonate equivalent ("LCE")) in the third quarter, representing a 15 per cent increase over the corresponding period of fiscal 2011. Sales included approximately 38,000 tonnes of Talison's lithium concentrate that were delayed from the second quarter.
Sales for the nine months ended March 31, 2012 of 267,432 tonnes of lithium concentrate (approximately 40,000 tonnes LCE) materially matches production for the nine months ended March 31, 2012 of 273,286 tonnes of lithium concentrate (approximately 40,500 tonnes LCE).
Production volume for the third quarter was a record 93,563 tonnes lithium concentrate (approximately 14,000 tonnes LCE), a 6% increase compared to the third quarter fiscal 2011.
The average sales price of lithium concentrates sold during the third quarter was US$340 per tonne, a 12% increase over the average sales price of US$303 per tonne during the three months ended March 31, 2011. The increase in average sales price demonstrated the initial impact from the price increase that applied from January 2012.
FISCAL 2012 OUTLOOK
Talison expects to sell approximately 350,000 to 360,000 tonnes of lithium concentrate for the full year ending June 30, 2012.
There are early indications of tightening in the global supply of lithium, which may result in price increases, for the year ending June 30, 2013. Following the completion of the Stage 2 Expansion of the Greenbushes Lithium Operation, Talison will be well positioned to adjust sales volumes in response to changing market conditions that confirm a tightening market.
EXPANSION UPDATE
The Stage 2 Expansion at the Greenbushes Lithium Operations continues to proceed on schedule and on budget. Commissioning of the Expansion has now commenced and is expected to be completed by the end of June 2012.
To view "Stage 2 Expansion at the Greenbushes Lithium Operations", please visit the following link: http://media3.marketwire.com/docs/Stage2.jpg.
THIRD QUARTER FINANCIAL RESULTS CONFERENCE CALL
Talison will host a conference call to discuss the financial results on Monday, May 14, 2012 at 9.00 a.m. (EST). The call is being webcast by Thomson Reuters and can be accessed at www.earnings.com or at Talison's website, www.talisonlithium.com.
The unaudited interim consolidated financial statements and Management's Discussion and Analysis of the financial condition and results of operations of Talison Lithium Limited as at and for the interim period ended March 31, 2012 are accessible at Talison's website, www.talisonlithium.com.
Teleconference call details are as follows:
North America: +1 (800) 706 7748
International: +1 (617) 614 3473
Participant Code: 33870090
Chairperson: Peter Oliver, Chief Executive Officer and Managing Director
Replay
Available from: May 14, 2012, 11.00 a.m. (EST)
Available to: May 21, 2012
Dial In: +1 (888) 286-8010
International: +1 (617) 801-6888
Passcode: 19830888
ABOUT TALISON
Talison is a leading global producer of lithium and has been supplying a global customer network from the Greenbushes Lithium Operations in Western Australia for over 25 years. In anticipation of sustained growth in lithium consumption, driven primarily by the secondary lithium battery market, Talison is doubling its production capacity at the Greenbushes Operations and also developing several growth projects including a lithium carbonate plant in Western Australia.
FINANCIAL STATEMENTS
Three Months Three Months Nine Months Nine Months
Ended Ended Ended Ended
INCOME STATEMENT March 31, 2012 March 31, 2011 March 31, 2012 March 31, 2011
(Unaudited) (Unaudited) (Unaudited) (Unaudited)(1)
A$'000 A$'000 A$'000 A$'000
Sales revenue 36,965 29,207 85,530 83,089
Operating costs (21,766 ) (18,962 ) (52,457 ) (53,639 )
Other income / (expenses) (3,235 ) (3,937 ) (9,596 ) (11,139 )
EBITDA(3) 11,964 6,308 23,477 18,311(2 )
Depreciation and amortization (625 ) (925 ) (2,038 ) (2,792 )
Net financing income / (costs) 574 298 2,020 (4,747 )
Net realized US$ hedging gain 301 869 3,324 1,506
Net realized foreign exchange gain / (loss) (805 ) (259 ) 207 8,936
Net fair value gain/(loss) on financial assets and liabilities 397 (113 ) (4,957 ) 2,861
Income tax (expense) / benefit (3,586 ) (2,304 ) (6,564 ) (9,030 )
Net profit/(loss) for the period 8,220 3,874 15,469 15,045
Basic earnings per share (cents/share)(4) 7.6 3.8 14.3 18.1
Diluted earnings per share (cents/share)(4) 7.6 3.7 14.3 17.5
Basic weighted average number of shares 107,899,247 101,668,000 107,799,832 83,076,000
Notes:
(1) The financial results for the nine months ended March 31, 2011 are comprised of the results of Talison for the period from August 12, 2010 to March 31, 2011 (i.e., post-Reorganization) and the carve-out results of the Greenbushes Lithium Operations for the period from July 1, 2010 to August 11, 2010 (i.e., pre-Reorganization). Readers are cautioned that the results for the period from July 1, 2010 to August 11, 2010 may not be reflective of the ongoing affairs of Talison.
(2) EBITDA for the nine months ended March 31, 2011 included A$1.6 million in non-recurring Reorganization costs.
(3) EBITDA is a non IFRS financial measure. For a reconciliation of EBITDA to its IFRS compliant income statement, see "Non-IFRS Performance Measures".
(4) Basic and diluted earnings per share have been calculated based on the weighted average number of shares on issue. For the three and nine months ended March 31, 2012, the weighted average number of shares includes both the outstanding ordinary shares of Talison adjusted to remove ordinary shares held by the Talison Long Term Incentive Plan Trust which is consolidated under IFRS, and the exchangeable shares of Talison Lithium Exchangeco Limited, an indirect wholly-owned subsidiary of Talison that are exchangeable (on a one-for-one basis) for ordinary shares of Talison. For the three and nine months ended March 31, 2011, the weighted average number of shares includes the outstanding ordinary shares of Talison, the exchangeable shares of Talison Lithium Exchangeco Limited that are exchangeable (on a one-for-one basis) for ordinary shares of Talison, and the ordinary shares of Talison Minerals adjusted for the Talison Minerals share consolidation which occurred as part of the Reorganization. See "Outstanding Share Data".
As at As at
STATEMENT OF FINANCIAL POSITION March 31, 2012 June 30, 2011
(Unaudited) (Audited)
A$'000 A$'000
Assets
Cash and cash equivalents 85,057 102,605
Trade and other receivables 12,879 21,543
Inventories 17,808 11,182
Derivative financial instruments 3,891 10,205
Property, plant and equipment 142,314 95,215
Exploration and evaluation assets 62,982 61,714
Total assets 324,931 302,464
Liabilities
Trade and other payables 12,954 12,380
Interest-bearing liabilities 27,647 29,243
Tax payable 6,781 -
Provisions 15,182 14,668
Deferred tax liabilities 9,136 10,622
Total liabilities 71,700 66,913
Shareholders' equity 253,231 235,551
As at As at
March 31, 2012 June 30, 2011
(Unaudited ) (Audited )
A$'000 A$'000
Outstanding number of shares
Ordinary shares of Talison 112,003,670 110,527,347
Exchangeable shares of Talison Lithium
Exchangeco Limited(1) 337,666 1,494,239
Shares held in trust(2) (4,299,367 ) (4,299,367 )
Total outstanding number of shares 108,041,969 107,722,219
Notes:
(1) The exchangeable shares of Talison Lithium Exchangeco Limited are exchangeable (on a one-for-one basis) for ordinary shares of Talison. See "Outstanding Share Data".
(2) On June 7, 2011, Talison Lithium established the Incentive Plan Trust. Talison Lithium issued 3,862,767 ordinary shares to the Incentive Plan Trust and the Incentive Plan Trust purchased 436,600 ordinary shares of Talison Lithium on-market.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including any information as to Talison's mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute "forward-looking information" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison's market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison's mining operations; the costs of Talison's hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, amount others, those described in the Financial Statements and under the heading "Risk Factors" in the annual information form of Talison for the year ended June 30, 2011 dated September 23, 2011, each of which can be found on Talison's SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

Contact Information


Talison Lithium Limited
Gary Dvorchak
CFA
+1 (310) 954-1123
gary.dvorchak@icrinc.com
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