Market Adoption Risk: Difficulty in securing sufficient off-take agreements or broad market acceptance for their advanced boron and lithium products.

Production Scale-Up Risk: Challenges in successfully developing, constructing, and scaling up their production facilities to commercial levels, leading to delays or cost overruns.

Capital and Funding Risk: Inability to secure the significant capital required for project development, expansion, and ongoing operations, potentially leading to dilutive financing or project delays.