Ann: Yibin Tianyi Withdraw FIRB Application, page-149

The Yibin Placement was a binding deal subject to FIRB approval.....right

Yibin were locked in.

Only FIRB or Chinese conditions precedent could prevent the completion of the placement....right

FIRB have blocked the deal. In doing so.....they have kicked an Own Goal.....right

They have inadvertently prevented a very cheap placement and dilution to the Capital Structure, whilst not achieving what it appears they intended......which is to stop the development of this project to protect Australian Critical minerals from international competition......hmmmmm

The Fed Govt have inadvertently opened up the competitive tension for this project IMO and actually handed NF a new higher position to negotiate from given the DFS and Data Room are now open to others.

White Gold liningsthankyou Josh

All IMO