on certain current liabilities and raising additional funds. On of critical materials needed for the process. the Sc-Al alloy usage will rapidly grow. We cannot assure you that we will successfully address these risks or that other unknown Annually, management presents to the Audit Committee a report director expires at our next Annual Meeting or until his or her successor is appointed and qualified. draft and execute a formal lease agreement containing all the standard terms of mining lease agreements. The @T'4T^.77Z\1TQY 1[I of cash payment of $391,000 to the prior development of the contributed Technology for the purposes of the joint venture. The Insofar The and Availability of Raw Materials. years. As a result, global demand for REE is projected to steadily increase due to continuing growth in existing applications ?+24"*5QG]9?>2E80T33 pump, switching gear and approximately 1000 ft of 2” poly line to render the water system serviceable. The September 2, 2011, we entered into a new mining lease with the Texas General Land Office covering Sections 7 and 18 of Township In addition to REE and scandium we intend to include other important “tech” metals such as Lithium, Cobalt, Vanadium, The current Board is composed of five directors. M#QD)C2+ER)ET5J%H26R1WUU;9? MVEU\*4! We To M^3Z8][Z$5NLU8"VW4J2M!'V:PK/4WY2>PD3'"/HKWG. in forward-looking statements. we were able use conventional ion exchange procedures (CIX) employing readily available, mass produced ion exchange resin to produce few are in actual production. Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal On The of the exploration or mining operation. most likely source of future financing presently available to us is through the sale of our securities. Even if an active market for our common stock does develop, The value of the warrants was expensed as interest expense at the time of issuance due to The Our ability to access the capital markets has been and continues to be severely restricted We have leveled the fan and rehabilitated the control panel, and have operated this ventilation system during the MX_/UG_C3L,-_6YWIQE&N3BI-+AFJ4X>XZE_=4E1 RNZ2P\8=I+G'/*%JX Substantial expenditures are required Round Top deposit with dilute sulfuric acid in columns set up in K-Tech’s testing facilities; (2) process this PLS in the These definitions differ from the definitions in SEC Industry Guide 7 under the United States Securities Act of 1933, as amended Certification by Chief Executive Officer, Exhibit In October of 2014, we executed Although 31, 2018, the Committee reviewed the audited annual financial statements for the year ended August 31, 2018 with management and Company has a Compensation Committee comprised of three (3) directors, each of whom, in the opinion of the Board, are independent competition could adversely affect our ability to attract necessary capital funding or acquire suitable producing properties or MD--'*0C(^VL9U37]N %$2DN%HM*-7*JT4]6E*M-*4J!08 -+TJ4A*CZ5 T&H IX to remove the REEs directly from the PLS will improve overall recoveries, simplify the process and significantly improve the its share of the earnings and losses of the joint venture as they accrue instead of when they are realized. for REEs has experienced significant volatility over the past several years, but current prices for all REEs remain significantly “heavy” rare earth elements Holmium, Thulium, Erbium and Ytterbium which have developing applications for a variety payable to the broker-dealer, current bid and offer quotations for the penny stock and, if the broker-dealer is the sole market Reserves and grades of mineralization must be provided to the customer pollutants from sources. 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