Ann: Gronnedal REE Project Maiden Inferred Resource Declared, page-9

These tranche of grants have multiple awards.

It's uncertain if EPM has applied for any of these - there other funding facility is private investment - yet again waiting for the framework to progress.

They did host the Germans for the site visit which was apparently required for processes of ERMA (facilitated with DGWA), - so I guess we are yet to see the extent of how the minerals club will be operating.



The ERMA investment platform I am guessing is the "private investment" component - and probably waiting for that "Strategic Project" status assessment. EPM, Tanbreez, Greenland Resources surely would get assessed.

I've put Conico and Ironbark out of contention for this tranche - I think they have their own CR and project funding to worry about.


Unfortunately Energy Transition Metals - looks like it's going to burn through most its cash prior to arbitration concluding, so it's a binary bet.
Unless they reign in their corporate / admin costs.

From the latest Quarterly comparison.

Energy Transition Metals spent net $1.951M
EPM spent net $101K.

The comparison of the two figures raises an eye brow or two.

EPM is probably one drill programme away from an absurd valuation, the question is do share holders need to lift a finger or not.

We need to find out the depth of this inferred resource one way or the other; shame if the we don't do a decent number of diamond drill holes - so I guess that is question now, how many diamond drill holes is needed to excite the market.