−Removed: There have been no material changes to the risk factors previously disclosed under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and in our Quarterly Report on Form 10-Q for the three months ended March 31, 2023.
+Added: The following is an update to the risk factors set forth in our Annual report on Form 10-K for the fiscal year ended December 31, 2023.
+Added: Other than the following update, there have been no material changes to the risk factors previously disclosed under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and in our Quarterly Report on Form 10-Q for the three months ended March 31, 2024.
You should carefully consider the risk factors contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and our other filings made with the Securities and Exchange Commission.
1 unchanged sentence
Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.
+Added: Our $500 million grant from the DOE remains subject to negotiation of specific terms, and completion of a new primary aluminum facility supported by the grant will require us to obtain additional financing which may not be available at all or on acceptable terms;
+Added: continued availability of grant funding is uncertain and contingent on our compliance with the requirements being negotiated with the DOE.
+Added: On March 25, 2024, the DOE Office of Clean Energy Demonstrations selected the Company to begin award negotiations for up to $500 million in Bipartisan Infrastructure Law and Inflation reduction Act funding to build a new aluminum smelter as part of the Industrial Demonstrations Program (“IDP”).
+Added: Once finalized, the grant funding will remain subject to certain conditions precedent and other terms and conditions to be agreed between us and the DOE.
+Added: The grant funding is expected to support the construction of a new aluminum smelter in the Mississippi/Ohio River basins.
+Added: To complete this project, we will need to obtain substantial additional financing, and we cannot assure you that such financing will be available at all or on acceptable terms.
+Added: The terms and conditions of the grant remain subject to negotiation with the DOE, and the grant may be terminated or modified.
+Added: We may seek additional grant and incentive awards to support construction of the new facility.
+Added: Our ability to obtain additional grants or incentives from government entities in the future is subject to the availability of funds under applicable government programs and approval of our applications to participate in such programs.
+Added: The application process for these grants and other incentives is highly competitive.
+Added: We may not be successful in obtaining any additional grants, loans or other incentives.
Unregistered Sales of Equity Securities and Use of Proceeds
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.