East Tenement / Brazil Tenement discussion, page-84

https://www.jusbrasil.com.br/diarios/1225618545/dou-secao-1-22-02-2023-pg-59

4 existing tenements have now officially been assigned to LRS's subsidiary in Brazil - Belo Lithium Mineracao Ltda. Three relate to Salinas South and one is a small tenement roughly translating to Colina South (but also borders the East Tenement which many believe we are trying to acquire).

This doesn't really change anything - we already had access to these tenements via option agreements - it's more an administrative and legal matter, but important nonetheless.

830.582/2019-MINERACAO FERRO NORDESTE LTDA-OF. No. 4216/2023/DIOUTMG/ANM; Belo Lithium Mineração Ltda.

830.581/2019-MINERACAO FERRO NORDESTE LTDA-OF. No. 4215/2023/DIOUTMG/ANM; Belo Lithium Mineração Ltda.

830.578/2019-MINERACAO FERRO NORDESTE LTDA-OF. No. 4213/2023/DIOUTMG/ANM; Belo Lithium Mineração Ltda.

830.580/2019-MINERACAO FERRO NORDESTE LTDA-OF. No. 4214/2023/DIOUTMG/ANM; Belo Lithium Mineração Ltda.

Also from last night (Wednesday working day in Brazil) four tenements owned by Jose Silva Lapas (dude who owns the east tenement) were officially assigned away from Jose Silva Lapas as an individual to Salit Mineracao Ltda. Salit Mineracao Ltda was created in April last year and the sole director is Jose Silva Lapa.

Reassigning tenements from yourself to an entity looks like you're getting those tenements ready for a sale IMO (not advice).

The request to assign these four tenements to Salit Mineracao Ltda has been underway since last year. What is interesting is that the East tenement (830.833/2001) is also part of this request (link below). But for some reason the assignment confirmation last night only includes the four tenements below (and no mention of the east tenement so far).

830.925/2017-JOSÉ SILVA LAPA- Assignee: SALIT MINERAÇÃO LTDA.- CPF or CNPJ 46.096.406/0001-10- Permit No. 1562/2018

830.926/2017-JOSÉ SILVA LAPA- Assignee: SALIT MINERAÇÃO LTDA.- CPF or CNPJ 46.096.406/0001-10- Permit No. 1563/2018

830.927/2017-JOSÉ SILVA LAPA- Assignee: SALIT MINERAÇÃO LTDA.- CPF or CNPJ 46.096.406/0001-10- Permit No. 1564/2018

830.929/2017-JOSÉ SILVA LAPA- Assignee: SALIT MINERAÇÃO LTDA.- CPF or CNPJ 46.096.406/0001-10- Permit No. 1565/2018

https://sei.anm.gov.br/sei/modulos/pesquisa/md_pesq_documento_consulta_externa.php?iPKNOI4i-Tt3bdeqzGJgGCgYH-B6kWAvCl8aH0kRl62WQSBqZ-sSoQ4ujGTBJLwz84RvSAbesBrV6-x__I6tGZor0OdTaPCy-40QU2EML-WjhTDQFzpy2JFTyzweEPkH