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2019 Annual Report

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The Company has completed a Definitive Feasibility Study1 on its 100% owned Nyngan Scandium Project, located in NSW, Australia, and has received all key approvals, including a development consent and a mining lease, necessary to proceed with project construction. The Company is currently seeking long term sales agreements with potential customers for scandium products, prior to finance and construction. The Company retains a portfolio of minerals processing patents relevant to base metals and specialty metals recoveries. While the primary patent focus is fundamentally on scandium recoveries, the associated technology and knowhow has direct application for critical metals recoveries. In addition, the Company has done extensive market development, application engineering and metallurgy work with many of the world’s leading companies to accelerate the adoption of scandium into manufactured products, some of which also utilize other critical metals as well.