Kuniko Limited, page-7

What is the competitive advantage of KNI over other mining companies in Norway?
If the ~90% of the energy produced in Norway is green/hydro then, isn't essentially every company almost net-zero?
The advantage that parent company VUL has is that the energy used to min Lithium is green which isn't being done. In Norway, there are mining companies mining these metals that are getting the same electricity as KNI and they are already established and mining (they even state that in the prospectus when referring to the location).

So what makes KNI so special if the other already established Norway mining companies are using the same green energy?
Why buy into an exploration company which is a risky thing to do?