RE:Just emailed matt
As an update on the three key binding agreements: Cargill offtake the majority of the binding agreement terms have been settled with two key outstanding items left to resolve that are very important for Black Iron. Once these items are agreed upon, I plan to provide Cargill with a proposed press release for review. Note it took Cargill 5 weeks to finalize our last press release as it was personally reviewed by their CEO. Hopefully they will be quickly now that their name has been publicly released alongside Black Iron as they are very reputationally sensitive. Land transfer the Deputy Minister of Defence and Chief of Ukraines armed forces who were responsible for Black Irons land transfer agreement were both fired in August due to infighting unrelated to Black Iron. The Chief of the armed forces has since been replaced and I am trying to organize an in person meeting with him and the soon to be appointed Deputy Minister of Defence assigned to Black Iron to move the land transfer agreement ahead. The MOD land transfer agreement is not impacting the ability to enter into any of the other binding agreements (e.g. Cargill offtake, royalty, bank debt) but will be a condition president to funding. The change in Deputy Minister and Chief of Armed forces may actually accelerate bringing the land transfer agreement to conclusion as their predecessors were very slow to respond in part because of their infighting (i.e. did not want to cooperate to get things done). Ukraine Government support & tax agreement Ukraines government is still drafting legislation for implementation of this new law and Black Iron is completing several large documents based on the legislation that has been finalized to date. I short, I believe it is still possible to get all three done prior to year end with greater confidence on the first two items