Mustavaara - 100% owned

• PEA - announced May 2021 with positive results 
  • €190M After-tax NPV (8%) 
  • 20 Year Mine Life
• Report recommends advancing to a pre-feasibility study

Silasselkä - 100% owned

• Previously drilled and known to contain vanadium mineralization (historic resource)
• Consists of 14 existing and pending exploration licenses totalling ~14,000 ha