The preliminary financial report makes some mention of our Anode...

The preliminary financial report makes some mention of our Anode Development.

The Board of the Company completed a strategic review process ("Review") aimed at optimising the Company's corporate and capital structure. The Review’s scope sought options to fund future growth and accelerate shareholder value, including targeting the development of anode production from a dedicated Active Anode Materials Plant ("AAMP") in Norway. The review process concluded that a focused graphite battery anode material business segment centred on European "Sustainable Anode" development principles made strategic, value accretive and operational sense.

With the laboratory scale purification testwork for both processes expected to be completed in the March 2022 quarter, the Company is planning the supply of qualification samples and advancing larger pilot-scale studies and qualification samples delivery in 2022.

Progressing these two alternative pathways will allow MRC to develop a fit-for-purpose process for the development of the Active Anode Materials Plant (“AAMP” in Australia and Norway.

The Company remains confident that the continued development of these downstream processes will allow it to realise maximum value from the development of its graphite assets in the near to medium term. In this regard, the Company will provide an update to shareholders on its vertical integration strategy in due course.

The Chief Operating Officer of Graphite and Anode Materials (Europe), Christoph Frey, was entitled to an annual bonus of 25% of the Base Remuneration, measured against the following criteria:

Can we assume the Urbix 16t shipment is the qualification samples being delivered in 2022?

It is also positive to see our COO was rewarded with a 25% bonus over the past 12 months.

Only 7 more days remain in the March QTR, it appears we should be provided with news on both our Anode developments along with the companies plans to increase shareholders value.