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tedro84

10/26/19 12:42 PM

#54524 RE: Boilermaker1 #54523

The 10k. Page 46 of the pdf.

Our long-term financing efforts continued during the quarter ended June 30, 2019. As funds become available through the Company’s fundraising efforts, we expect to undertake the following activities: ? Acquisition of key land parcels currently subject to the Company’s Option to Purchase agreements; ? Continuation of the Company’s efforts to secure federal, state and local permits; ? Negotiation and completion of engineering, procurement and construction (“EPC”) agreements; ? Completion of the final detailed engineering for the underground portion of the Elk Creek Project; ? Initiation and completion of final detailed engineering for surface project facilities; ? Construction of natural gas and electrical infrastructure under existing agreements to serve the Elk Creek Project site; ? Initiation of revised mine groundwater investigation and control activities; and ? Initiation of long-lead equipment procurement activities.