Ann: MoU for Caldeira MREC Offtake with Ucore Rare Metals Inc., page-9

• Meteoric expects to obtain a construction permit by Q4-2025 and aims to commence MREC production during the second half of 2027.Pat Ryan, P.Eng., Chairman and Chief Executive Officer of Ucore, stated: "Ucore is delighted to have the opportunity to work with Meteoric and its world-class Caldeira Project as we continue to engage with like-minded partners in establishing a Western supply chain made up of diverse global projects. The proximity of South America, particularly Brazil, to the Port of New Orleans and onto our Alexandria, Louisiana facility is ideally situated as we establish rare earth manufacturing in the Southeast United States.”Nick Holthouse, Chief Executive Officer of Meteoric stated: "We are very pleased to be bringing this important agreement with Ucore to market. This builds on Meteoric’s MREC offtake strategy,and we are delighted to support Ucore in their march towards becoming an alternative separating option for a Western Rare Earth supply chain. Ucore’s interest signals strong external market confidence in the Caldeira Project`s ability to progress to an FID and into production. We look forward to working with Ucore and having the benefit of their technical support and US Government relationships as we continue to pursue and develop….DYOR please