Ann: ESR secures Strategic Investment to advance Timor-Leste, page-38

I'm not sure if anyone else saw this article. https://www.techspot.com/news/104468-japan-breakthrough-820-whkg-battery-ditches-nickel-cobalt.html

Japanese researchers at Yokohama National University have demonstrated a promising alternative to nickel and cobalt-based batteries for electric vehicles (EVs).Their approach uses manganese in the anode to create a high-energy density battery that is both cost-effective and sustainable.EV manufacturers prefer nickel and cobalt batteries since they deliver higher energy density, translating to more range in a smaller battery pack. However, both components are expensive to source and relatively rare, making them unsustainable options when EV usage soars worldwide.

Still very much at research stage but if this came off in the next decade I'd like to have a small slice of the deposits ESR are sitting on. Let management get into the work of determining how much Mn is about and what's the best way to extract it. Good job on the pivot (thanks for the clarity Les). Company wouldn't have survived another 12 months on Ni alone.