Group 1 - The company Southgobi Sands LLC (SGS), a wholly-owned subsidiary of SouthGobi Resources Ltd, received an invitation from the Mongolian government to negotiate ownership interests related to its coal mining licenses in Mongolia [1][2] - The Mongolian government aims to implement the National Wealth Fund Law passed in April 2024, which involves determining the government's equity stake in entities holding mining licenses deemed strategically significant [1][2] - SGS is expected to engage in ongoing discussions with the Mongolian government's authorized representative, with the goal of reaching a constructive understanding and agreement [2] Group 2 - The company's legal advisors indicated that the Mongolian government has the right to participate in exploration and/or mining of strategically significant minerals through equity arrangements with license holders [2] - Several other license holders of strategically significant minerals have already engaged in similar negotiations with the Mongolian government [2] - The company will continue to monitor developments regarding the scope of strategically significant minerals and their potential impact on its operations while seeking to protect its legal rights to the minerals [2]