First Tidal Acquisition Corp T.AAA

Allana Potash construction and infrastructure EPCM

[jubatus]

The Company is proceeding with the EPCM selection process with a number of very strong engineering firms participating and having visited the project site in September. In reviewing proposals, management's goal is to choose a company that can deliver on engineering and construction objectives in the most efficient manner. Management is also continuing to work to strengthen Allana's technical and project execution expertise.

Drafting is proceeding on the Company's Tadjoura potash terminal definitive lease and services agreement with Djibouti Ports and for completion of the Danakhil road connector segment with the Ethiopian authorities. Required infrastructure is in place, under construction or contracted (roads, port, power) and is expected to be completed in time to meet Allana's project plans.