Financial StabilityCurrent cash balance is approximately US$11M, and it is expected that NEXT will require additional funding in the near term, assuming a US$10M equity raise.
Lease Termination RiskNEXT may terminate the lease for its planned Mauritius facility if required permits are not secured by December 1st.
Regulatory UncertaintyThe environmental impact assessment process for the Mauritius BAF remains ongoing, creating uncertainty, and if the required permits are not secured by December 1st, NEXT may terminate the lease for its planned facility.