Extension of 307Mt @ 1.3% Ni, 0.13% Co Deposit, page-6

"how something with such huge upside&neurology can be picked up for barely a million bucks?"

It's actually $1.26m.

In relation to the acquisition of the project; it's like with most things in life: you have to know people (plus pay $1.26m ).

It might also have something to do with CTM having a strategic alliance with Terrativa Minerais SA – one of Brazil’s pre‐eminent private exploration groups.

Then Terrativa might have pushed this project into CTM or they might have known/gotten someone else in Brazil to push it into CTM.

Why would Terrativa do that?

They're one of CTM's largest shareholders.

So:

- Company-making project goes into CTM

- CTM gets made into a decent company/share price goes up

- Terrativa benefits as their big share holding in CTM increases in value.

- CTM Management also love this path as they are also big holders of CTM shares (Darren Gordon, CTM Managing Diretor, is just under Terrativa on the below list)

Cheers,

GB.