Equatorial Resources Limited has addressed recent media reports concerning the status of its exploration permits in Guinea. Speculation arose after a news broadcast featuring Guinea’s Minister of Information and Communication noted the cancellation of several permits, including those for the Nimba West and Nimba North iron ore projects, which form part of the Company’s Nimba Alliance Iron Ore Project. The Company clarified that it has not received official communication from the Guinea government regarding any changes to the status of its permits. Equatorial Resources Limited is actively engaging with the Ministry of Mines and other relevant authorities in Guinea to secure and renew its permit applications. The Company is seeking formal clarification on the situation and has committed to updating the market as soon as further information becomes available. From a sentiment perspective, the news offers mixed signals. On the bullish side, the Company's proactive engagement with Guinea authorities and its ongoing efforts to renew permits reflect confidence in its project prospects and commitment to advancing its resource development initiatives. Conversely, the uncertainty surrounding the permit status and the potential for delays may be viewed as a bearish factor, highlighting risks that could impact the timeline and execution of exploration activities.