Engineering Update on Arrowsmith North Project

Mr. BRUCE MALUISH, MD, has stated that the initial phase of the Project's detailed design has been successfully concluded. This achievement is attributed to extensive metallurgical test work, meticulous peer review of the process circuit design, and thorough testing. 

During the execution phase, the Company intends to address minor elements without causing any disruption to the schedule. The incorporation of innovative techniques in the design offers the Company the advantage of adaptability, enabling them to manufacture a diverse range of products to meet the specific demands of the foundry and glassmaking industries.