DLA
Delta Apparel Inc.
stock NYSEAMERICAN

UAMY is an interesting one here. I'm curious, what's your thesis on it?
To me: on the one hand, there's minimal dilution risk and we're through the Trump-Xi summit and there's no obvious negative catalyst coming, so I'd think we have to be at or near the bottom. On the other hand, it's heavily shorted and keeps seeming to find new lows even when it looks like the bottom is in. It seems to me like the management team has been overpromising and under-delivering for the last 8-12 months and the market seems to be punishing them for it. It's the perfect time for an update on their mining activities and DLA order fulfillment progress, and I'm a little worried about how quiet the team is being...
I'm with you, though, overall - the downside from this level is probably relatively limited, and the upside is asymmetrical for anyone willing to hold for 1-2 months

Focus Graphite has been selected as one of the projects to be pitched at Canada Investment Summit in a few days. **$1 Trillion in Capital** is looking to be deployed by a wide variety of Global Investors across a range of different types of investments in Canada including Energy and Critical Minerals. 
Key Notes
* Has already received over **$16 Million** in Non-Dilutive Government Funding this year alone. including the **$14.1M GPI grant** supporting Focus’ advanced graphite purification technology.
* Prime Minister Carney personally mentioned Focus Graphite as 1 of 2 Mining Companies in his address on Aug 17. 
* **14.97% Cg average** — Lac Knife has the **highest-grade measured & indicated graphite resource in North America**
* **Focus has entered a Joint Development Agreement with Forge Nano**, who has a off take agreement with Samsung. 
* **Non- Binding MOU with C4V** to evaluate an integrated Mine-Anode Platform. C4V was in a previous engagement with Tesla and Focus Graphite's Material was in this deal. Though it didn't eventuate to an Offtake due to tech (not Focus) , The Material is sound and C4V and Focus Graphite is still going for this potential off take. 
* **99.9996% carbon (5N+)** achieved through thermal purification.
* **2.03 ppm Equivalent Boron Concentration (EBC)** — below the \~3 ppm threshold commonly cited for nuclear-grade graphite, with Focus stating the material is within **nuclear-grade specification.** 
* **Defence-grade graphite:** Focus demonstrated Lac Knife concentrate against **U.S. Defense Logistics Agency (DLA) requirements**, including the large-flake specifications. 
* **Actual hypersonic rocket test:** Lac Knife graphite was used in a graphite nozzle on Pluto Aerospace's **Dash 1 hypersonic rocket**, which reached >45,000 ft with nozzle temperatures exceeding **3,000°C**. 
* **RF defence shielding:** Focus/PermaTint testing demonstrated up to **99.99% RF signal blocking** across defence-relevant frequencies using graphite-based coating technology.
* Company has **Zero** Debt.