RE:CO Owns TTX if it its loans are convertedhttps://webfiles.thecse.com/Press_Release_Announcing_Merger_ICC_and_TTX.pdf?UsVBAcUnPfx0pLe47K_Hq6RcG1jViMSv ____________ It is great business opportunity for $CO to merg with $TTX - they will now have a direct link with lithium (some say the new battery technology). Cobalt and lithium is a good play for EV sector. The Transaction As per the terms of the Transaction, Amalcos valuation will be deemed to be represented by the aggregate value of each of Tantalex and ICC, on amalgamation into Amalco on a ratio basis of half each (50%) (the Participation Ratio). Subject to the adjustments of the Participation Ratio described below, upon closing of the Transaction, all of the Tantalex securities and ICC securities issued and outstanding or other convertible securities shall be exchanged for Amalco equivalent securities so that each of Tantalex and ICC shareholders hold fifty percent (50%) of all of the issued and outstanding share capital of Amalco. As part of the contemplated Transaction, all previously issued and outstanding stock options in the share capital of each of Tantalex and ICC will be cancelled and replaced by stock options of Amalco, to be issued under a new stock option plan to be implemented by Amalco. Notwithstanding the above, the Participation Ratio in Amalco may be increased or decreased for Tantalex and/or ICC in specific and pre-determined events should certain conditions precedent to the completion of the Transaction, as follows: Tantalexs Participation Ratio: i.) Should Tantalex fail to deliver a Mineral Resource of a minimum of 15 million tons resource at 0.65% Li2O, a fifty percent (50%) portion of the Tantalex shares reserved for issuance under the Definitive Agreement shall be cancelled; ii.) Should the milestone of 15 million tons resource at 0.65% Li2O be achieved and confirmed by a National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) compliant resource calculation, the total shares of Amalco reserved for issuance shall be immediately issued on a pro-rata basis to Tantalex shareholders; - ICCs Participation Ratio As of the date of at the closing of the Transaction, ICCs cash position and the value of certain pre-paid services and contributed into Amalco shall be of a minimum amount of $8,000,000 (the Minimum Cash Position) accordingly, should ICC fail to deliver and contribute to Amalco such Minimum Cash Position, ICCs Participation into Amalco shall be reduced proportionally. Closing and final acceptance of the contemplated Transaction is subject to various terms and conditions comprised of, but not limited to, the receipt of shareholders approval by each of Tantalex and ICC, receipt of any regulatory approvals and material third party consents, including but not limited to approval by the British Columbia Securities Commission and the CSE, the completion of a satisfactory due diligence by each of Tantalex and ICC of the other party and its assets and the entering into a Definitive Agreement. Available funds to Amalco will be used to develop the exploitation of the parties respective current assets but more specifically to advance production on the Manono Kitotolo Tailings that were recently acquired by Tantalex, as more fully described below.