Ann: Merger & IPO Spin-Out of LEL and NVX Natural Graphite Assets, page-123

I take that he is not a director so it doesnt need to be announced.

RNU is flying. This should favour LEL and their upcoming Graphite BAM project. They will get same support from Gov critical mineral $2B fund. RNU starting grade is like 7%. LEL/NVX grade is 14%.... They combined have now like >3Mtn, compared to RNU's 8Mtn.

LEL will have to benefit from this RNU move as well, as getting shares in LEL will give you front seat to buy AXON at $0.20 (MC $40m). Renascor now at $200M and moving up.

Galan is in trouble, I reckon, which should also be positive for LEL.

Lake, well, lets not go there.

PNN proved in today announcement good performance from DLE. Also positive for LEL in their quest to pursue DLE with one of the best adsorption resin supplier.