Ann: Investor Presentation, page-4

In July, the pilot tests for production should be completed.The completion of the bankable feasibility study is expected to continue in September.It also indicates that discussions with future offtake partners are at an "advanced stage".And on the timeline to the feasibility study, the topic MOU (Memorandum of Understanding) with offtake partners then reappears - in time before the completion of the feasibility study.

This speaks for the confidence that FYI will probably come up with robust offtake messages before September.Each of these events has the potential to move FYI's course upwards.