Brazil Govt backing - Game-changing news

IXR/VMM secure confirmation of funding from the sovereign Govt of Brazil.
Yet the SP is immediately under pressure.

WHY?

Almost certainly, it is as a result of selling by the participants in the most recent C/N fund raising initiative.
There were 120 C/N each issued at $25,000 = $3m to IXR.
The C/N were convertible at $0.009. IF converted prior to 22 Sept 2025
If they converted after that date, then the conversion price can fluctuate.

In addition, each C/N received Options exercisable at $0.011 ech share. There were about 214m Options issued.

Exercise of these Options so far, has raised over $1.5m by my calcs!
Some of these shares issued upon the exercise of the Options, will also have been sold into this market - again at a quick profit. There are only about 69m Options of $0.011 left to exercise - maybe they will be L/T holders also?

What is happening now, is that C/N Holders have witnessed this continuing game changing news, watched the share price respond, and are now cashing-in.

Just like any CR organised by these WA Brokers, they have a base of Sophisticated Investors - who typically are simply not long-term investors. They often are in it for quick profit.

If I were a c/n holder I would do same - take the immediate short term profit now and make that easy money.

So there were 120 C/N issued - and now only 25 Notes left unconverted ---> I guess some of these holders WILL be longer-term holders? Why not? Some will be "sticky" shareholders and will join us in the ride.

S/H approved this funding.
At the time IXR did the deal with Ignite Equity to raise the $3m, IXR did not have confirmation of the funding from Brazil Govt. IXR needed funding certainty.

So IMHO, the sale of those shares is probably about washed-thru?

We may well quickly see the selling pressure turn around?

This clear Global expansion of IXR is rolling forward.

- We have confirmed Govt funding and development support from Brazil Govt.
- we already have previous funding support from UK Govt agencies on multiple occasions.
- We have obvious indications of support from UK Govt for Capital Grants and further funding, - why else would UK Govt nominate IXR as leader of a Consortium which includes Ford, Bentley etc??
- We have USA Govt, DoD and customers banging on doors of IXR to secure Offtake and almost certainly negotiating funding and supply deals.
- we have DoD underwriting a Floor price of R/E with MP Materials.
- we now have a new RE pricing system which bypasses the Chinese market.
- we now have real action from Western Govts to secure supply independent of Chinese
- we can now see that the Chinese dominance of R/E market will never return to pre-Chinese ban levels - the Western Govts will never trust Chinese Govt not to use R/E as a trade weapon again.
- we have IXR partnering very major world leading companies, in a vertically integrated new supply chain which will secure sovereign supply of R/E.
- we are now seeing IXR cashed-up for short term - with very clear indications of further Govt funding.

So IMHO, the fundamentals of our investment in IXR and its global ambitions simply have not changed --> but drastically improved with independent confirmation by independent sovereign Govts !!

Hold on for the ride - more game-changing news to come.