The issuer issued a press release, on February 20, 2025, announcing a binding business combination agreement for a merger of the subsidiaries of the Issuer and Arcore AG (Arcore), a privately-owned Switzerland based lithium mining company. The press release disclosed a mineral resource estimate (MRE) for Arcore’s Lopare Lithium Project (Lopare Project). The MRE was prepared in accordance with Australian JORC Code 2012 guidelines and is not compliant with the disclosure guidelines in NI 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The press release also triggered the requirement, under subparagraph 4.2(1)(j)(i) of NI 43-101, for the issuer to file an independent technical report within 45 days to support first-time written disclosure of the mineral resource estimate for the Lopare Project. Since the Issuer did not meet the requirement to file the independent technical report, it issued a press release clarifying that the previously disclosed MRE is a “historical estimate” within the meaning of Section 2.4 of NI 43-101.