Ann: Tiris Uranium Project Exploitation License Granted, page-36

Morning- hope everyone is well.

The overall market hasn't helped any of the specs lately - However, AEE announcing the Tiris mining licence is a major win for us. Granted the timing could have been better - but a licence granted is a licence granted.

IMO - this sets AEE up very well for the DFS - investors concerns about the mining licence are now gone and they can focus on the DFS in February. I can only see the DFS being a major green light. Low Capex and OPEX will make us very attractive - I imagine getting funding sorted out won't be too much of an issue either.

February is also when brokers are back from holidays and are looking for new plays and places to invest. But we definitely need the overall market sentiment to improve a little bit IMO.

Speak soon. T