Ann: REO Magnet Recycling Ramping up to 24/7 for Customer Samples, page-11

There was 1.25 quarters left from the annual report, but we have reduced costs as we have stopped the drilling campaign in makuutu so we won't need to raise until january at best.

VMM are also currently in a trading halt for their assay results, our holding in that is currently $3M, depedning on the results that could push us up to $6M as it is a very tight register. that would keep us going for another quarter and by then we could have a deal inked for a commercial recycling plant/s and will be producing MREC at makuutu demo plant plus Makuutu FID expected H2 2024.

Many ways to skin a cat but reducing the dilution here is key. I can't see why we still can't partner with VMM to refine their product even if we don't hold 5% of their company.