Member Info for EarEyeAm

Now we have a name for the Legislation, we can find it:

Lithium:

Up to $1,500 = 5%

$1,500 to $2,300 = 7%

$2,300 to $3,200 = 10%

Above $3,200 = 12%

https://www.facebook.com/photo/?fbid=25154558667561711&set=pcb.25154558844228360

https://www.facebook.com/photo/?fbid=25154558510895060&set=pcb.25154558844228360

Yes. The speed at which they are getting these things through the Committee's is unheard of in Ghana, it's a revelation, a breath of fresh air.

This is new. It's about getting the sliding scale Royalty in place, and they are discussing it today. I hope they can get the bill in for the urgent 1 day process tomorrow and get it in place ready for the Ewoyaa Agreement to come back early January.

Previous Committee meetings have been about the mine, this one however is about the Royalty and it a Committee on Legislation, it's separate from the mining agreement discussion which was discussed by the COMMITTEE ON LANDS AND NATURAL RESOURCES.

COMMITTEE ON SUBSIDIARY LEGISLATION

Date: Thursday, 18th December, 2025

Time: 10:00 a.m.

Venue: Committee Room 10W (10th Floor, West Wing, Job 600)

Agenda: To consider the Minerals and Mining (Royalty) Regulations, 2025.

https://www.parliament.gh/docs?type=OP

"The ICC cases were submitted as evidence, and so the ICSID case is slightly leveraged on the ICC decisions"

ICC-1 was won by Zenith.

ICC-2 is never going to be heard again before the ICSID decision. First the crooked decision needs to be wiped out by the annulment, then it needs to be heard again, deliberated on and a decision made. 17 October 2025 "The Swiss Federal Court usually renders decisions on annulment applications within 6 to 9 months from submission." so it won't even be annulled before the ICDIS claim is heard.

The ICSID decision will be made in April 2026 as per "We look forward to the final hearings in April 2026". ICC-2 will most likely still be pending annulment at that time so cannot be used as evidence in the ICSID claim. Even if ICC-2 is annulled prior to April 2026 there is no way it will be heard and a decision make before the ICSID decision.

So ICC-1 success can be used in evidence for ICSID, but it will be ICC-1 and ICSID that become the evidence for ICC-2 when it is heard much later in 2026.

Worth noting however the following from the half year report:

"The ICSID arbitration is procedurally distinct and entirely independent from the ICC-2 arbitration. It is governed

exclusively by the ICSID Convention and administered by the World Bank Group, a framework designed

specifically for disputes between investors and sovereign states. ICSID tribunals are formed under different

rules, with different appointment processes, legal standards, and institutional oversight mechanisms, and

have no connection to the tribunal or procedures used in ICC-2."

"For these reasons—including the materially different legal framework, the nature of the claims, and the

composition of the tribunal—the Company considers the ICSID process to be clearly distinguishable from ICC

2. While no outcome can be guaranteed, the Company believes that the ICSID Tribunal will assess the claims

independently, on the basis of the evidence and treaty obligations applicable to this proceeding. "

Tunisia is really pooing it's pants over any possibility of a Sovereign Default, it will avoid such a default at all costs, including paying Zenith what it wins in a successful ICSID claim. The closer it gets to the award of that claim the more Tunisia will feel a bum rush coming and could offer a settlement of all 3 claims to avoid the cost spiralling to eye-watering levels.

"Tunisia to Seek $3.7Bln Exceptional Central Bank Loan in 2026 Amid Persistent Budget Strains"

"With negotiations on a new IMF program stalled since 2023, Tunisia has leaned increasingly on domestic debt to stabilize its finances. Economists caution that this reliance could drain banking liquidity and crowd out private sector lending."

"Prime Minister Sara Zaafarani’s government defends the strategy as ESSENTIAL to “preserve the continuity of public services” and avert a sovereign default."

https://www.ecofinagency.com/news-finances/1610-49625-tunisia-to-seek-3-7bln-exceptional-central-bank-loan-in-2026-amid-persistent-budget-strains

Any payment to Zenith would come from Tunisia's US Dollar Foreign Exchange Reserves, which are for paying foreign debt. Tunisia has plenty of USD to pay Zenith with.

"Tunisia's foreign exchange reserves stood at approximately USD 8.4 billion (8,398.4 million) as of September 2025"

Multibillion-Dollar!!!

"HUI has moved from a tech concept to a tangible operating technology capable of supporting projects subject to, among others, funding being obtained, of a scale that represent multibillion-dollar infrastructure investment"

"It is anticipated that HUI will act as an originating partner and co-developer alongside regional developers, engineering contractors, and strategic partners. HUI expects that projects will be financed by external institutional capital and regional funders, enabling HUI to scale without deploying significant capital from its own balance sheet."

It'll be the final final final final quarter, guaranteed!!

🤑🤑🥳🥳

Shops are opening up everywhere!

Spod-U-Like 😂

Blah blah blah, more negative spin dross.

As said on here, if Tunisia lose ICSID and fail to pay, ZEN can get the courts to declare a Sovereign Default. As per the below, Tunisia HAS "continued honoring financial commitments, paying billions in foreign debt in 2024/early 2025.", this is purely to prevent a Sovereign Default from being declared, which would ruin their B- rating and send them into a debt spiral again. You can see the risks to them in the below information.

Status of Tunisia:

Tunisia has not officially defaulted but has faced severe sovereign debt risks due to high public debt (over 80% of GDP by 2025), fiscal pressures, inflation, and forex shortages, prompting IMF engagement and negotiations. While facing default threats and political challenges, recent efforts with Gulf/EU support, improved trade (olive oil, tourism), and domestic banking liquidity have helped manage payments, leading to Fitch upgrading Tunisia's rating to 'B-' (Stable) in late 2025, signaling resilience against prior "messy default" predictions, though risks remain.

Key Factors & Risks

High Debt Burden: Public debt exceeded 80% of GDP by 2025, straining finances.

IMF Negotiations: Tunisia's President rejected IMF conditions, leading to stalled programs and sovereignty concerns.

Economic Hardship: Persistent crisis, subsidies, and shortages fuel public discontent.

Forex Pressures: Dinar overvaluation and low foreign exchange reserves were major risks.

Recent Developments & Mitigating Factors (2024-2025)

Improved External Position: Lower current account deficits and stronger foreign investment helped.

Increased Exports: Olive oil and tourism rebound boosted earnings.

External Support: Significant funding from Gulf and EU partners.

Domestic Banking Support: Local banks have liquidity to help fund the government.

Debt Servicing: Tunisia continued honoring financial commitments, paying billions in foreign debt in 2024/early 2025.

Current Outlook

Fitch Upgrade (Sept 2025): Fitch upgraded Tunisia to 'B-', Outlook Stable, citing improved external finances and resilient support, despite prior default concerns.

Continued Vigilance: While avoiding immediate default, challenges persist, with some analysts still predicting future currency falls and default risks

How can Barryroe claim be ringfenced to existing shareholders?

RTO reverses into LOGP providing shareholders of LOGP with a completely new business, likely already undervalued, profitable and growing at a decent rate. This is the sort of business LOGP should be targeting, not something that would struggle with a Stock Market Listing.

Barryroe claim is then ringfenced and the litigation is paid for by a no-win-no-fee lawyer, thus not costing us or the RTO company a penny and, if successful, existing shareholders get their share of the winnings once the legal fees and taxes have been paid. No-win-no-fee lawyer would take about 10-15% after costs, but if the court awards costs to LOGP then it's just 10-15% of the award ignoring any costs awarded as they go straight to the no-win-no-fee lawyer for their hours.

That is how you separate Barryroe claim from the RTO company and ring fence it. If the RTO company has ANY stake in the Barryroe claim then it would no longer be ringfenced to existing shareholders, as the RTO company would have a claim for a percentage of the winnings.

It's possible that LOGP could sell a percentage of the Barryroe claim to the RTO company. Say LOGP sold 20% of the claim, supposedly £20m worth, to the RTO company for £4m. If the claim of £100m is won, then the RTO company would get 20% of £100m - £10-15m, so £17 to £18m. A decent upside on the £4m invested, even if the claim only pays out 50% of what is claimed it's still a big win.

The £4m that comes into the existing company as part of the RTO, plus the value of the listing at about £3.5m-£4m, could give existing shareholders maybe 7x the existing share price, plus the ring fenced 80% cut of the Barryroe claim winnings.

Blah blah blah. Stop talking rubbish, we can all see what you are trying to do with these pointless negative spin comments, if you can't wait to Q1 2026 for the Ratification then sell out, unless you have already that is....

I don't see how ICC-1 is now part of ICSID, the claim is over and done with, the court has already made the award to Zenith and Zenith are now pursuing Tunisian Assets to get what they are owed from the claim, so there is nothing left of ICC-1 to go before ICSID.

ICC-2 is also a separate claim to ICSID as it has not been annulled yet. ICC and ICSID are completely different, you can't just take an ICC claim and put it before ICSID, it doesn't work like that, the laws are completely different.

"The International Chamber of Commerce (ICC) and the International Centre for Settlement of Investment Disputes (ICSID) are both prominent international dispute resolution bodies, but they differ mainly in their focus (ICC for general commercial, ICSID for investor-state), rules (ICC has general commercial rules, ICSID has specific convention rules), and most significantly, the enforcement of their awards, with ICSID awards having a unique, streamlined enforcement process under its Convention that makes them easier to execute in member states compared to ICC awards, which rely more on national court systems."

Saudi has absolutely nothing to do with PHE, ignore the PHE ramper with their deliberate misinformation and fake claims.

"Strategic Pivot and Accelerated Execution

Following the path announced in June, HUI has pivoted decisively from a pre-commercial, small-scale technology to a full-size size proven system. It is anticipated that securing this License Agreement, will put the Company in a stronger position to execute its strategy to scale InEnTec PEM® Melter systems across KSA and the Gulf Cooperation Council ("GCC"), moving away from small or pilot-scale initiatives and concentrating on large industrial-scale infrastructure that directly supports regional decarbonisation, particularly in the steel and cement sectors."

HUI has NOTHING to do with PHE. As stated in recent HUI RNS, the PHE technology is on the back burner because it is still in SYSTEM DEVELOPMENT, whereas the system that HUI is using is from InEnTec and is FULLY COMMERCIAL and PHE has NOTHING to do with InEnTec.

Any money in HUI is HUI money, it is NOT and HAS NEVER BEEN PHE money.

"A decisive event can settle something, like a war."

Well it was a meeting (with CSO's), which is an event, so it looks like they have settled on what is going into the new agreement. I've no doubt the Committee meeting today went through what was 'settled' as the basis of the new agreement. Country Manager of Atlantic Lithium, Ahmed Salim was at the CSO meeting so would have been able to get agreement from the ALL Board on anything that needed to go into the agreement.

I have to say, I was never worried about this process, to me it would always lead to Ratification, because the Government and ALL are both open to a mutually beneficial agreement. Also, there's no way Ghana are going to stop this process, it's gone too far to just stop it and find a different miner, as that would set the clock back many years in terms of the exploration and research which ALL would in no way be obliged to pass to a subsequent license holder, and all the years of passing all the regulations (environmental, planning, etc) would be reset too as the mine would be designed by a different company, meanwhile the chiefs that are already infuriated would explode. The ONLY way forward is for ALL to get a new agreement, then it goes through the 1 day 'urgent' Parliament process along with the new Mining Royalty Bill.

Parliament adjourns on Friday, so it would take a huge push to get anything through this week, BUT Parliament always returns around 7 January so it is not long to wait for the next episode of this drama (no trolls, not fiction!) and the finale should not be long after that.

Great news!!

New deal coming soon. Government want it, the people want it, we want it, everyone wants it, and thus it shall be created, approved and ratified just as soon as they can get it dose, and it's clear they are not sitting on their hands, they are moving quickly to get it done in this session of Parliament, which means ratification early next year and then we start building the mine.

"On his part, the Country Manager of Atlantic Lithium, Ahmed Salim, who also joined the discussion, welcomed the views and criticisms from the various participants and called for more cooperation in the drafting of a new agreement."

Threeputt,

Well that wins baseless claim of the week and it's only Monday.

Zenith only started chasing the money after the ICC-2 crooked decision was announced, up to then they were leaving it in the hope Tunisia would offer a worthwhile settlement on all 3 claims if ICC-2 had been won as it should have been.

It takes time to secure Tunisian assets, especially as they will have done everything they can to try and hide them in fake companies bank accounts. But Zenith will find something and get the courts to appropriate it, be that cash, oil, any exported goods, ships, etc. it will take time but they will get it because they won't give up.

As for ICSID, if Zenith win, Tunisia will have to pay up, because if they don't then Zenith can declare a Sovereign Default which affects Tunisia's global financial ratings and would whack up the country's borrowing costs, they certainly won't want that to happen. Zenith can't do that on the ICC claims but it can on the ICSID claim because that one is done under breach of international treaty.

"and to restore the deal as soon as possible"

https://www.mynewsgh.com/national-economic-dialogue-committee-member-appeals-to-mahama-to-restore-ewoyaa-lithium-deal/

Saltpond trying to big themselves up.

https://www.myjoyonline.com/affirm-saltpond-as-host-of-ghanas-first-lithium-mine-msda-urges-government/

It's grab grab grab from every direction in Ghana 🙄🙄