Biomass Secure Power Inc. (BMSPF)

[Neverhadawinner]

BMSPF Annual Summary as of June 30, 2021 was published on SEDAR on September 14, 2021.

Still no take off agreements. No agreements: No plant: No business.

I found the following items to be on interest:

The company is currently
dealing with Daichu Corporation, who have brought two large power utilities to the table. At the
present time discussions are ongoing regarding licensing agreements to build several plants in
Asia. Terms of the agreement are being discussed and will include an upfront fee and a royalty
payment over the term of the license usually 25 years

The Covid 19 Virus has caused many companies in Europe and Asia to delay new projects, including the
change from coal to renewable fuels. We are of the opinion that a large demand for Biocoal exists but will
take an extended period to be developed.

Wood LLC the EPC for the project has delivered a FEL 2 budget that allows BSP subsidiary Biomass
Power Louisiana to commence construction at Natchitoches when the Company secures an off-take
agreement.