BEI consortium with MNS, will VRC will benefit hugely, page-6

Hi Youngie, I see it as being a massive boost to VRC. Given the MNS deal is only an MOU to evaluate the financial viability of something it basically gives VRC more time to catch up on the head start that MNS had.

Additionally many battery manufacturers may now see MNS as being a potential competitor and perhaps will direct their graphite supply decisions away from a potential competitor towards a supplier such as VRC.

So cant see any negatives for VRC, but certainly some potential positives.

Good luck to all VRC holders.

Thanks