RE: Spodumene now pushing up again1 May 2026 07:50
I’ve never said TR1s are a guarantee but both Indigo and Deacon taking nearly 20% of the company, does signal high confidence. And yes, there may be more placings. That’s the nature of the beast. But I believe the lows are in, and if the plant commissions this quarter, the rerate could be sharp.
We’ve seen it before, over 6000% to 1p in April 2023. When sentiment flips from project risk to production certainty, moves like that aren’t unusual in this space.
How many sub £5M companies have a built lithium plant and infrastructure in place? Almost none. If it works, the valuation disconnect becomes obvious and markets tend to close that gap quickly.
Canmax’s continued support tells its own story. They want product, not a mine.