Ann: Quarterly Activities and Cashflow Report, page-6

• Supplement to the Draft Environmental Impact Statement (“EIS” for the Company’s Darwin TIVAN® Processing Facility (“DPF” on track for delivery at the end of January 2021.

This would go a long way to rebuilding shareholder trust. Bets?

TNG’s aim is to produce its own vanadium electrolyte and become a commercial supplier of VRFB’s targeting greenhouse emission reductions, providing an economic alternative to conventional power generation for standalone off-grid power systems. The Company is currently advancing discussions with several VRFB suppliers. Importantly, the production of vanadium electrolyte will not affect the off-take agreements in place with Woojin (Korea) and Gunvor (Singapore) for TNG’s forecast vanadium pentoxide production.