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There are no negotiations, discussions or even agreements on the part of Nowea Energy Inc. regarding takeovers, share purchase offers by third parties or the like.

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One of the most promising boron-lithium-mining-projects in Europe and worldwide?

As communicated in our announcement in December 2020, we waited for resilient and concrete information on our participation in a potential boron lithium mining project. This information is now available and very encouraging.

Based on the results of the now completed Phase II exploration drilling program by analytical company SGS (https://www.sgsgroup.de/de-de/mining) and the resulting project study (company CSA Global https://www.csagroup.org), PwC PricewaterhouseCoopers (https://www.pwc.com) can write an updated economic viability calculation and reassessment.

The numbers mentioned herein are staggering. We would like to publish only one key figure today and provide further details in a timely manner after further internal discussion. The preliminary indicative value of total reserves in the baseline scenario is estimated by PwC at USD 40.01 billion. This figure speaks for itself and we do not wish to comment on it.

It seems that one of the most promising potential boron-lithium-mines in Europe and worldwide has been identified here.