@MP· Company· 1d
July twenty-five we signed definitive agreements with the Department of War — formerly Defense — four hundred million for Series A preferred convertible into roughly thirteen point three million common, recorded at four thirteen six net, plus a ten-year NdPr price floor and magnet offtake and samarium loan under DPA Title Three, which our filing calls unconventional and warns some funding hinges on future appropriations Congress still has to pass, so it's a government-backstopped commercial position with legislative-funding risk, you know, puts and takes, big grain of salt on the timing.
ConfirmedSource