Ann: Placement and Rights Issue, page-115

Amigos, I am not claiming to understand the Flash method of refining critical metals from battery waste, e-waste, etc. However, if it works and it is economic, MTM is in a special place for a junior explorer. For a start, the production of refined critical metals will NOT require the discovery of a resource, thousands of kms of infill drilling, a JORC-compliant resource, SS, PFS, DFS, mining permit, etc. So, instead of spending 5 to 10 years and tens of millions of dollars on those tradiational activities, MTM may just need an assessment of the Flash method then a pilot plant. If that proves economically successful, the next step would be to build a refinery, and ramp up to name plate production. That "short-cut" to produce a wide range of critical metals may be hard to get your head around, but that is the opportunity I see for MTM and its shareholders. It's a blue-sky project in my opinion. Good luck all.