Ann: Target Market Determination, page-2

there is more gov't funding coming

"The funds raised also provide the matching funds for the recently awarded Grant from the Queensland Critical Minerals & Battery Technology Fund, as well as any additional government grants that may be awarded."

this is what we all want. (dilution sucks)

"The clean energy sector is highly competitive. The Company believes that speed to market and securing commercial agreements requires additional financial resources to support multiple potential customers through their engagement and validation before the Company can generate substantial commercial revenues in the short and medium-term. The ability of the Company to support these potential customers as well as adding new potential customers in the clean energy sector, is expected to lead to increased revenue opportunities and deliver shareholder value."