Ann: Caldeira's Scoping Study Confirms Exceptional Financials, page-87

The Mou with Lab Fab has potential for MEI to see a payable higher than 70%.

"The purpose of the five-year MoU is to establish the general bases for cooperation between Meteoric and SENAI Regional Department, with a view to jointly developing research, development and innovation for the demonstrative production of rare earth magnets at Lab Fab, in Lagoa Santa in the Brazilian State of Minas Gerais, by identifying activities of common interest between the parties, namely:
• Supply of raw materials by Meteoric for pilot production of rare earth magnets.
• Promote actions to strengthen the parties and, consequently, their relations with industries interested in these technologies.
• Develop joint projects of applied research, assessment activities, experiments, training, consulting and specialized technological services.
• Implement other joint activities and programs, as well as pilot and experimental programs in areas and subjects of mutual interest and benefit that may be agreed upon between the parties."