Ann: Investor Presentation, page-26

"Have you looked at the grades the leases the majors hold in comparison to what GTR have"

Not sure what companies you mean by "majors".. Cameco? Katomprom? Nexgen?

Yes, GTR doesn't even come close to those big guys.

I did do a quick 10 minute Google research on Wyoming grades and this is what I found though:

GTR (main project) Lo Herma grade is 630ppm

PEN (which I'm a holder) is restarting production this year. Grade at Lance project is 489ppm.

UEC restarting Christiansen Ranch project in August has grade 690ppm

UR Energy Lost Creek project has grade 490ppm

You seem like a knowledgeable guy from your style of writing, so apologies because I'm not aware of GTR's 630ppm grades compared to others besides my 10 mins of research.

Can you clarify with examples when you say GTR grades are low grade compared to "majors" (whoever "majors" are)?

Or are you comparing Wyoming grades to Athabasca (which has highest grades in the world)?

Wyoming grades are higher than grades in Namibian projects that I can see though