Ann: Off-take MOU with large Vanadium nitride producer, page-26

V2O5 price has unfortunately halved, management have been doing pretty well otherwise IMO.

I believe it was mentioned in a recent interview that they would be looking to finalise certain aspects of financing in the coming months.

We have since had an MOU for off-take which they stated they were looking forward to converting to a binding deal.

I'd say we still have a couple of quarters funding left and hopefully as also stated by John they can then bring on another strategic investor who has long term vision and will pay a premium for a slice.