Market ChallengesLRC's revenue growth was mostly due to timing of shipments, indicating potential underlying market challenges.
Project SuspensionCore Lithium's Finniss project has been put on care and maintenance and will sell off its remaining inventory, marking the last quarter LRC will receive revenue from that project until restart.
Revenue DeclineLIRC reported royalty revenue of $224k during the quarter, which was down 86% on lower lithium prices, no sales from Finniss, and negative pricing adjustments.