Member Info for IvRoche

This just gets weirder and weirder... Too many open questions on this new co and who is financially backing - Rob Price doesn't have that kind of cash lying around...

Thats in the RNS...

Odd that they don't give the same amount of detail for March GL but some queries and copy and paste from another area have identified the potential owner/major investor of March GL.

March GL looks like it's attached to Robert B price who is a private energy and fuel company owner , non listed , looks like thus has been set up by him as a newco to link with this new project Looks like he is involved in a company called Total Helium.

Robert B. Price is an oil and gas executive known for his involvement in the energy industry, particularly in North America and Eastern Europe.

He has held various positions, including CEO and Director of Total Helium Ltd, and has a background in finance and oil and gas operations.

His work has included projects in both oil and natural gas exploration and production.

FYI - Based on today's announcement that assets are being moved from Dundas to Jameson to support the drilling - pretty sure nothing will be happening at Dundas for a long while.

Possibly...

But who are March GL Company... According to the below they were only incorporated 31 March 2025 - have zero online presence.

https://www.bizapedia.com/tx/march-gl-company.html

Although it could be higher... Have seen some estimates at 6k per metre.

About 12 - 13m based on Alaska North Slope drilling at c3,500m about 4000 USD per metre.

We know Kobold weren't the only suitor for Disko development RMc said so himself and Kobold also didn't offer the most amount of dev money....

This RNS is good and bad.

The bad, or atleast the appearance of, 80m paid equivalent of 2.75m for Jameson Land project from Whiteflame but now we are going to give up up to 70% of it for 2 test drills, 500k and a free carry interest of 30% assuming they want to do a second test hole.

The good, some progress is being made, still not Disko, but test wells are expensive especially to the depths they are talking about here of 3,500m where costs can be up to 4,500 USD per metre (based on Alaskan North Slope drilling costs) which could work out at 12-13m per test hole - that's a lot of money. Let's just hope they don't pull a Kobold and runaway from further exploration.

37m shares traded (20m above daily avg).

40% now but point still stands re: attributal value to 80M SP

Autumn campaign (Sep to Nov) inside the artic circle... Ok. Besides it's not really about that, resource capacity is fairly limited re: companies that can carry out the required activities - if they aren't in a contract soon to conduct "drilling" or some other fieldwork activities then you just won't be able to secure them. Note: More fieldwork and not drilling would be a massive fail. IMO.

Based on the fact that there has been no RNS to date re: Disko Drilling this summer the likelihood of drilling occuring is declining everyday. If no RNS by mid to late May - the door will be shut for this summer season.

Well there you go... MET1 SP cratered down 50% in a day and it didn't affect 80M SP - shows how little value the markets place on MET1 shareholding.

Given the ownership structure of the Bougouni Lithium Project—65% owned by Kodal Minerals and Hainan Mining, and 35% by the Malian state (including the mandated 10% state free carry + 20% option (assuming they do it) + 5% local participation)

Ownership-Driven Contributions

Free-Carried Interest: The 10% state free carry means the government is not required to contribute capital for that portion. Kodal and Hainan would effectively carry this cost.

Optional 20% Acquisition: If the government opts to buy the additional 20% (within two years of production start), it would need to pay fair market value, which could be used to help fund the project or reinvested.

Local 5% Participation: It’s unclear whether this is free carry or paid—most likely paid by Malian investors, who might finance their share independently or via the state.

The pay fair market value is the interesting one re: the 20% option, it will be more than likely DCF NPV (8-12% discount) may be higher for Mali...

"Discussions are continuing to finalise the necessary permitting for the export of the spodumene concentrate produced at the Project and the Company expects to begin export in the next quarter."

1.) Is the export license contingent on the remaining 7.5m payment?

2.) "Export in the next quarter" do is that from 01 July - Q3?

Just to be clear it's not a rare earth (but is critical)

Exactly CC, depends on definition - it was added to the US critical minerals list. US EXIM Bank for example can finance at low rates the mine development... If only ilmenite was on that list 🤔

Big volume again today... RNS next week or early week after may be on the cards.

Big volume towards the end today 🤔 maybe some news brewing or people just jumping on the tariff pause.

Or it has been factored by the market and the market place minor value on Dundas, Disko, Kangerluarsak, Jameson Land, Greenswitch etc... and don't forget MET1 will have plenty dilution to come and can't see us maintaining our stake at the 25% level (no cash)