Ann: Trading Halt, page-35

It’s worth remembering that MEU has issued just under 69 million options, with an exercise price of 10 cents each, which expire on 22 July 2022. It would clearly be in MEU’s best interests for its share price to be greater than 10 cents before that date.

In the event all the options are exercised, the amount raised, coupled with the sale of the company’s uranium assets (should the company decide to sell them), could potentially fund the development of a mine at AT without a further significant capital raising in the interim.