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On December 2, 2021 the Company announced that it has signed binding agreements to acquire 100% ownership of the producing Lac des Iles graphite mine in Quebec (the “LDI Project”) and the Okanjande graphite deposit/Okorusu processing plant in Namibia (the “OK Project”) from subsidiaries of Imerys SA (collectively with any subsidiaries “Imerys”) for approximately US$40 million (the “Transaction). See press release here. Because the Transaction is considered a “Fundamental Acquisition”, it is subject to TSX Venture Exchange (“TSX-V”) approval and trading in the Company’s shares is halted until such time as the TSX-V completes a satisfactory review including National Instrument 43-101 Technical Reports for both the LDI Project and the OK Project and financial statements for the businesses/companies being acquired. The Company will provide further updates with respect to TSX-V approval and the trading halt as they develop.