Ann: KALiNA Power webinar presentation, page-8

My webinar notes:

9.5m CAD in security payments per project.
so 3 projects security payments alone would be equivalent of current market cap.

1 site could potentially be sold for 30 m AUD which is about the current market cap.

over one year to go until expected FEED completion, mid 2026

sam Jacobs, six degrees investor relations, webinar host, didn't have video, camera off. Video not necessary but This is the current low human condition, lack of quality service, lack professionalism.
sam thanked geoff but Geoff is supposedly at home sick with outdoor temps at -30 , no mention of bat flu

kalina members presented professionally.
smooth, informative transitions between members.
Tim had terrible, barely audible audio quality.

federal Canadian govern-ment offering incentives for data centres.
US, European, and Asian investors interested in Alberta.

30% equity of one project is 300m so one site sale is only 3%, other funding will be needed.Ross says Crusoe is aware of this, normal development cycle. KPO board is to approve best option.
in discussion with potential investors.

next 2 months still working on some land deals I think.
including 1 new site.

saddle hills if deemed a planned unit will NOT be subject to CER emissions laws.
saddle hills still in legal flux but could be sold, interested parties in talks, possible co-location with mini data centre especially at less than 25 MW.



other notes:

matthew Jenkins get to work, about 2 months until performance bonus options expiry
i don't know if 2x security payments would satisfy performance requirements.

it seems Crusoe doesn't want to invest directly.
they have massive capex requirements already.

electricity Tolling arrangement.
crusoe to buy gas, More work for them in pre feed.