SMC 2026-09-27

Good morning,

2 things to ponder this week:

  1. Is the deemed confusion between BACOX and Zero Tails. The slide below, which we have added to our corporate Power Point, describes BACOX as the engine that drives the process. Zero Tailings takes all the prep work and converts the waste into a number of marketable products for sale. So in essence the latter depends on the former and not the other way around.

2.  Following on from this clarification we found an article from a Middle East magazine that talks about the fertilizer market and the disruptions caused by the Iran conflict. Why ship something halfway around the globe when you most likely have the tools in your own backyard.

Cheers,
Ross Orr
President & CEO