Ann: Non-binding Heads of Agreement signed with Traxys, page-5

ABOUT TRAXYS

Traxys is a physical commodity trader and merchant in the metals and natural resources sectors. Its logistics, marketing, distribution, supply chain management, and trading activities are conducted by over 450 employees in over 20 offices worldwide, and its annual turnover is in excess of USD 10 billion. Headquartered in Luxembourg, Traxys is engaged in sourcing, trading, marketing, and distributing non-ferrous metals, ferro-alloys, minerals, industrial raw materials, and energy.

The Group serves a broad base of industrial customers and offers a full range of commercial and financial services. Traxys is committed to the highest internationally recognized principles for responsible business conduct, and to ensuring that its operations are equitable, sustainable, and transparent.Traxys premises its practices on environmental, social, and governance (ESG) standards that enable Traxys to set a leading example for the responsible sourcing and trading of metals and minerals.

To learn more about Traxys, go to: www.traxys.com.

ALL IMO

This is a great announcment.
Typically the highest cost in any business is the sales and marketing followed by logistics.
To have this outsourced is a smart move.

Lots of talk about strategic partnership
Did ADN just signal who will be the finance partner?

It seems ADN is going to production.

GLTAH