HZR Chart, page-2180

There are a number of catalysts we're waiting on in regards to HZR's MC performance.

1.Hydrogen results:
numbers from the testing of the CDP that show production in line with company predictions.
given that Hazer already has a large amount of data from the performance of the pilot plant, these estimates should be pretty accurate if not conservative, as the larger reactor should be more efficient. (see 3 cost ambition p.14 Investor Roadshow ann 5/2/'24)

2. Graphite results:
Testing data from bulk samples produced since the CDP startup which could show the diverse suitability of different morphologies for different applications to lead to off-take agreements.

3. FEED decision from Fortis as previously posted.

4.Updates from Engie, France, Chubu, Japan

5. Additional project announcements.

The company is now in the strongest position it's ever been in.