My read is similar and I would have preferred to keep the company as it is now. One possible reason for this proposal is that it may be easier for NV to obtain some of the funding help from Biden’s infrastructure bill if the company has no ties to China (Gangfeng). Piedmont Lithium just received $142M from this source for is TN plant, and Lithium NV would probably try to do the same. The other possibility is that one or both of the new companies may be set for a buyout and this split is in preparation for such event. Whichever the reason for the split, I hope it works out for us, but I have my doubts ever since LAC allowed Gangfeng to own 51% of Cauchari, which was a mistake IMHO. And speaking of the Chinese:
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