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Re: Hetfield post# 69979

Tuesday, 03/02/2021 7:43:27 AM

Tuesday, March 02, 2021 7:43:27 AM

Post# of 111865
I sent Jim an e-mail including the following questions, which I think naturally come up with this news release.
I will let you guys know once I get an answer:

1) Depending on the outcome of the company's review of the previously collected data on rare earth, will an updated feasibility study be necessary?
2) Will financing of the project be affected by the outcome of the review?
3) Will the review focus exclusively on extracting the rare earths as part of the the Elk Creek processing facility (in-house) or do you also consider to sell the acid leach containing the REO to a different company for further processing?
4) If it is planned to extract the rare earths in-house, is this a step that could be added at a later stage of the project?: First you focus on ramping up the production of niobium, scandium and titanium while you store the acid leach (for a couple of month/years) until you extend the processing facility to subsequently extract the rare earth.
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