Tranche 1 of our Placement has now settled, raising $1,221,000 before costs. This came through the issue of 244,200,000 new fully paid ordinary shares, together with 122,100,000 listed options (exercise price $0.008, expiring 23 April 2028).

Tranche 2 is still to come. This covers 95,000,000 shares and 47,500,000 attaching options, issued to Directors to raise a further $475,000 before costs, and it remains subject to shareholder approval at a general meeting we'll be convening shortly. We'll keep you updated on timing for that meeting.

Alongside this, we've issued a cleansing notice under the Corporations Act. In plain terms, this confirms the Company has met its ongoing disclosure obligations, so the new shares and options can be freely traded without a prospectus.

We continue to look at a range of critical minerals and technology opportunities globally. Nothing is settled on that front, there's no certainty any of these discussions will lead to a new project acquisition, and we'll update the market as required if that changes.

If you've got questions about this announcement, drop them in the question box on our investor hub, we'd like to hear from you.