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SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2025
SUBSEQUENT EVENT  
SUBSEQUENT EVENT

15. SUBSEQUENT EVENT

As previously disclosed, on July 17, 2024, Alabama Graphite Products, LLC (“AGP”), a wholly owned subsidiary of the Company (together with AGP, the “Companies”) and FCA US LLC (“FCA”) entered into a Binding Offtake Agreement (the “Offtake Agreement”), pursuant to which FCA would purchase CSPG natural graphite anode products from AGP. On November 3, 2025, the Companies received written notice from FCA informing the Companies of FCA’s termination of the Offtake Agreement effective immediately.