Replies to post #6602 on Blue Biofuels Inc (BIOF)

[billnew5]

I emailed the company for clarification. Phase 1 is ongoing and once finalized a report will be filed and they will apply for Phase 2. They did not mention the $$ amount for subsequent phases but below is an exerpt from the PR last July announcing the grant award.
“With this grant, Blue Biofuels aims to successfully complete its Phase 1 scaling objectives, paving the way for future opportunities to secure larger-scale grants. The Company is poised to leverage the findings and data generated from this project to pursue subsequent DOE SBIR Phase 2 & 3 grants, potentially worth millions of dollars.”