RE: Sale of Leinster Asset4 Jan 2025 13:27
Below is from Recyclus website. They could be turning a profit in the next 4 months. Doesn’t sound like an insolvent company to me.
“The plant is now increasing throughput, and management projects the business will reach breakeven by Q2 2025. Post-breakeven, revenue growth is expected to accelerate through gate fees for the collection of end-of-life Li-ion batteries (ranging from handheld devices to electric vehicles) and from the sale of recycled materials, including nickel, cobalt, lithium, aluminium, and copper”