Ann: $14.7 Million Received from Federal Grant, page-6

"The Grant provides up to $49 million* in funding support for the Australian Vanadium Project to assist the Company, in collaboration with industry partners, to create an Australian vanadium battery industry." This statement has appeared multiple times now and I have glossed over it. I feel it's important to remember that it pretty much says AVL are operating at the behest of Government grants (and hopefully goodwill) so they need to toe the line. The sharing of AVL/VSUN social media of anything related to Vanadium in both AUS and globally tells a tale of them trying to build the industry in Australia.

"Payment of the remainder of the Grant remains subject to milestones and compliance by the Company with its obligations pursuant to the Grant." I'm not sure I understand the continued secrecy in regard to the milestones. Would love it if they shared them with shareholders.