Alvarrões Lepidolite Mine (Gonçalo), Portugal

The term sheet for Alvarrões ore off-take with Mota Ceramic Solutions (MCS; the 66.6% owner and operator) lapsed on 9 March 2020 and is not planned to be renewed, with both companies preferring an alternative structure.

The Company’s main focus is now the Karibib Project, which represents the primary mineral source for the Phase 1 Project DFS.