Q: Interesting to hear about AMRQ. Apparently they now own the Black Angel mine which I last heard of some time in the 1970’s. I had asked my father about it then and it’s 7% divided. He replied the mine must be struggling and the high dividend was being used to keep investors interested. Shortly thereafter the mine closed down. I also recall the mine used gondolas to transport the ore from the mine site to the dock. Sounds expensive! AMRQ has been publicly listed since January 20, 2026, not quite a week and already has a 1B capitalization. Is Mr. Sprott a shareholder? Mining procedures can change in 50 years and possibly the costs to extract the ore can lessen and the mine be made profitable. Modern survey methods may also have discovered new metal targets. Any thoughts you have would be appreciated. I think the Black Angel ore body is just one aspect of the company’s targets.

Q: Your views on this molybdenum mining company ? A good buy now ? Other potential good buys in Groenland ?

Gratefully,

Jacques IDS