Ann: Ionic Clays Confirmed From Initial Met Tests at Caladao, page-9

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    MARCH 2025 QUARTERLY ACTIVITIES REPORT
    Axel REE is fully funded to accelerate the Caladão REE-Gallium Project to Mineral Resource Estimate
    with $9.6M cash at end of the quarter.
    These guys are fully funded, so no cr anytime soon.
 
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