Based upon these macro dynamics, after exhaustive due diligence on our technology and processes and economics of our processes, our lender concluded, and we concur, that the squeeze of metals prices coupled with debt service payments and covenants become untenable calculations at this point in time.

Aug 5, 2024 / CEO / receipt, needs a key / Steve Cotton, CEO | earnings call 2024-08-05 | transcript 1d0d374a-2750-4300-a121-dfa266d61523 | chars 3526-3826 | segment 3