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alexbh2285

05/31/16 1:47 PM

#19744 RE: prokopton #19740

From the last 10-K

We have no known mineral reserves and we may not find any lithium and, even if we find lithium, it may not be in economic quantities. If we fail to find any lithium or if we are unable to find lithium in economic quantities, we will have to suspend operations.

We have not spent any amounts which have been classified as research and development activities in our financial statements during the last two fiscal years.

We do not have enough cash on hand to meet our obligations over the next twelve months. We do not have any arrangements in place for any future equity financing.