MEI reports $27.1M half-year net loss; Caldeira Project advances
MEI posted a $27.1M net loss for the half-year and cash assets of $37.8M. The Caldeira Project advanced with updated resources, pilot plant success, and MOUs for offtake and funding, subject to regulatory approvals and additional financing.
Net loss widened to $27.1M for the half-year, while cash assets increased to $37.8M. The Caldeira Project advanced on updated resources, pilot plant success and key MOUs for offtake and funding, although further development still depends on regulatory approvals and securing additional financing.