Energy Transition Minerals Ltd has provided an update for the quarter ending 31 March 2025, highlighting its renewed focus on advancing the Kvanefjeld Rare Earth Project in Greenland. Senior board members and management conducted a six‐day visit in early February to Nuuk and Narsaq, engaging local community and business stakeholders. The visit aimed to underscore the potential economic and social benefits of the project, with particular emphasis on job creation, infrastructure investment, and sustainability alignment with Greenland’s environmental goals. The Company’s activities during the quarter also included preparatory planning for fieldwork on the Kvanefjeld Project, scheduled for the northern summer. Meanwhile, its wholly owned subsidiary has been active in legal and arbitration proceedings with the Greenlandic and Danish governments, seeking a stay in the arbitration process to focus on core legal issues through the Greenland courts. Energy Transition Minerals Ltd remains confident in its legal position and its ability to secure the licence to develop the project. Other exploration efforts are progressing in parallel. In Canada, the Company has identified promising sites on its 100% owned Solo and Good Setting projects in the James Bay region of Quebec, although no substantial on-ground activities occurred in the quarter. In Spain, investigation and planning at the Villasrubias lithium project continue, with sufficient exploration conducted to meet licence renewal requirements for an additional three years. On the financial front, the Company completed an institutional placement in January 2025, raising $9.35 million through the issuance of ordinary shares accompanied by options for additional investment. The recent quarterly cash flow report shows operating cash outflows of A$859,000 and investing outflows of A$1,283,000, while financing inflows reached A$8.837 million. This strong financing activity resulted in a cash position of A$19.323 million, which the Company estimates is sufficient to fund its operations for approximately nine quarters. Investors may view these developments positively due to the solid capital backing, ongoing legal strategy refinement, and proactive stakeholder engagement, which together support the long-term prospects of the Company’s flagship Kvanefjeld project. However, some caution is warranted as the lack of substantive on-ground exploration in recent months and the continuation of complex legal proceedings could dampen near-term operational momentum.