Ann: New US Defense Contract Expands AML3D Alloy Testing Program, page-8

Interesting statement in the announcement: 'The company remains confident additional contracts will be executed during the balance of 2023, further expanding AML3D's ongoing sales to the US defence sector'.

And: 'A successful conclusion of this CuNi alloy testing program has the potential to expand the range of US Defence sector materials and applications that AML3D's ACREMY metal 3D printing systems can be used for'.

Sean Erbert also commented: 'The Cu-Ni contract has the potential to cast a far wider net over parts that can be made for the US Navy using our technology. The positive implications for expanding our scope to Cu-Ni alloy parts is significant - a point highlighted with our recent $2.0m order for Nickel-Aluminium-Bronze parts coming not long after a successful testing program'.

Exciting stuff, I think we got a floor of 7cents and will hopefully hover between 7.5 and 8.5-9 depending on news for the rest of the year. If we get another good piece of news in the coming months this should pop back to 10 or into the teens though.

Keen for 2024.