Altech Chemicals Limited (“Altech” or “Company”) has strongly advanced research and development (“R & D”) into downstream battery materials and applications subsequent to our 2019 Initiation Note. At that time the focus was on the 4,500 tpa High Purity Alumina (“HPA”) Project, however due to delays in financing (caused by COVID, and headwinds generally in project financing), the Company has been nimble in identifying and advancing battery technologies that have the potential to be game changers.