Mou will eventually lead to cornerstone investment. If you look...

Mou will eventually lead to cornerstone investment. If you look at neo performance materials, they have the separation tech and is currently in operation within china and is establishing a plant in Estonia to cater for the ev market. It is basically position itself to vertically integrate itself in the Ree space. The main aspect is to have a resource aligned to secure the lowest cost supply. Once a scoping study and updated mre is complete and production efficiency in flow process and potential pilot plant is achieved this will transition to a cornerstone investment.