recent 12m placement

Don, there were a number of angles to this raising. Primarily, it helped the company cover the costs of the project expansion study from vanadium pentoxide to ferrovanadium. In addition, it provided an opportunity to bring on board some major strategic investors. The involvement of the new investors is a significant demonstration of confidence in the Barrambie Vanandium project and provides confidence that the project will be funded when the time comes for construction. (obviously, this presumes the DFS will be positive).