Core Viewpoint - Castellum, Inc. has successfully reduced its debt, demonstrating a strong commitment to financial health and strategic growth in the cybersecurity and electronic warfare sectors focused on the federal government [1][2][3]. Group 1: Debt Reduction - Castellum has reduced the principal balance on a note payable to Robert Eisiminger by $2 million, leaving an aggregate principal balance owed of $2 million [1][5]. - The company's total long-term debt is now less than $3 million, a significant improvement from the previous year [2]. Group 2: Financial Strategy and Growth - The ongoing debt reduction plan is strengthening Castellum's balance sheet and supports its commitment to organic growth [3]. - The company is well-positioned to make timely investments to enhance its business development capabilities and secure major prime contracts [3].

Summary of Centaurus Metals Conference Call Company Overview - **Company**: Centaurus Metals - **Project**: Jaguar Nickel Sulfide Project - **Location**: Brazil Key Points and Arguments Project Progress and Feasibility - Significant progress has been made on the Jaguar nickel sulfide project over the past twelve months, with plans for an investment decision by the end of Q1 next year [3][26] - The project has a resource of 138 million tonnes of nickel, containing approximately 1.2 million tonnes of nickel metal, with reserves of around 400,000 tonnes [4][18] - The project is expected to have a fifteen-year life based on current open-pit reserves [4] Economic Viability - The project is highly economic, with an NPV exceeding AUD 1 billion and an IRR above 30% [10] - Operating costs are projected at $4.43 per pound, positioning the project competitively against other nickel sources, particularly from Indonesia [12][23] - The project is expected to generate free cash flows of approximately USD 170 million annually at long-term nickel prices, with current spot prices yielding around USD 100 million [23] Strategic Partnerships and Funding - Centaurus is actively seeking a minority project partner to secure funding and ensure competitiveness throughout the nickel cycle [5][6] - The company is in discussions with various groups for long-term offtake agreements, highlighting a disconnect between strategic needs for nickel supply and equity market perceptions [6] Environmental and Regulatory Approvals - All necessary environmental licenses have been obtained, including a preliminary license and an installation license, allowing for project construction [7][8][24] - The project benefits from a low carbon footprint due to Brazil's reliance on hydroelectric power, which is attractive to potential partners [8][14] Production Profile - The production profile is expected to start at approximately 22,500 tonnes of nickel annually for the first seven years, tapering to around 16,000-17,000 tonnes in subsequent years [10][22] - There is potential for additional underground mineralization that could enhance production in the future [19] Infrastructure and Location Advantages - The project is located in the Carajas mineral province, a well-established mining region with significant infrastructure, including roads and power lines [15][28] - Proximity to Vale's operations and other mining projects enhances logistical advantages for Centaurus [15][16] Future Outlook - An investment decision is anticipated by March or April next year, with a projected two-year build time leading to production around 2028 [26][27] - The company expects a significant re-rating of its market cap once funding is secured and production begins [28] Additional Important Information - The project is positioned as a Tier one scale asset in a prolific mineral province, with strong cash flow generation potential once operational [28] - The Brazilian government has enhanced support for critical mineral projects, improving the funding landscape for such initiatives [14]

Project Overview - Jaguar Project aims to become the Western World's next major nickel sulphide mine [1] - The project boasts a Tier-1 scale Mineral Resource of 138.2 million tonnes containing 1.2 million tonnes of nickel [4, 9] - It also has a 52 million tonnes Ore Reserve containing 406,100 tonnes of nickel [4, 9] - The project is moving towards a Final Investment Decision (FID) in H1 2026 [7, 61] Financials and Operations - The project anticipates a Life-of-Mine (LOM) Post-Tax operating cash flow of US$2 billion (A$3.12 billion) [10] - It has a Post-Tax Net Present Value (NPV) of US$735 million (A$1.15 million) and a 34% Internal Rate of Return (IRR) [10] - The capital payback period is estimated at 1.8 years [10, 48] - The project targets an average nickel production of 22,600 tonnes per annum (tpa) in the first 7 years [9, 45] - The Life-of-Mine All-In Sustaining Cost (AISC) is projected to be US$4.43/lb Ni (payable basis) [4, 9, 19, 48] Environmental and Approvals - All key environmental approvals have been received, including EIA approval and Preliminary & Installation Licences (LP & LI) [6, 54] - The project has a low carbon footprint, with a forecast of 6.54 tonnes of CO2 per tonne of Nickel [9, 10, 56]

Core Viewpoint - Castellum, Inc. has made significant progress in its strategic transition from a start-up phase to a focus on organic growth, enhancing its capabilities and competitive position in the cybersecurity and defense sectors [2][4][8]. Group 1: Company Progress and Strategy - Since July 1, 2024, Castellum has transitioned from a start-up phase to a Phase 2 strategy focused on organic growth and strengthening its foundational platform [2][3]. - The company has integrated its operations across all business functions, emphasizing business development and enhancing its opportunity pipeline [3][4]. - Castellum has raised over $16 million through public offerings and warrant exercises, reducing long-term debt to less than $5 million [5]. Group 2: Achievements and Capabilities - Castellum won its largest prime contract in history, valued at $103.3 million, for Special Missions support of the Naval Air Systems Command [5]. - The company has established a new subsidiary focused on advanced technology products, complementing its tech-enabled services [5][8]. - Castellum has received consistent "best in industry" contractor performance assessment reports from government customers, indicating high-quality service [5]. Group 3: Future Outlook - The company aims to enhance shareholder value and strengthen national defense through strategic acquisitions and contract wins [9]. - Castellum is committed to increasing the volume and quality of proposals, likening its strategy to taking more swings at the right pitches in baseball [5]. - The leadership team has been restructured to include greater industry and technology experience, positioning the company for future growth [5][6].

Core Viewpoint - Castellum, Inc. has formed a new subsidiary, Castellum Advanced Technology Products, Inc., and entered into a reseller agreement with AmpliTech Group, Inc. to resell AmpliTech's products to Castellum's clients [1][2]. Group 1: Castellum, Inc. - Castellum, Inc. focuses on cybersecurity, electronic warfare, and software engineering services primarily for the federal government [4]. - The establishment of Castellum Advanced Technology Products, Inc. aims to partner with companies like AmpliTech and develop internal products [2]. Group 2: AmpliTech Group, Inc. - AmpliTech Group, Inc. is a leading designer and manufacturer of RF microwave components and ORAN 5G network solutions, serving markets such as satellite communications, telecommunications, space exploration, defense, and quantum computing [3]. - The partnership with Castellum is expected to enhance AmpliTech's penetration into the government market, leveraging Castellum's C5ISR capabilities [2].

Core Viewpoint - Castellum, Inc. has announced the creation of a new wholly owned subsidiary, Castellum Advanced Technology Products, Inc. (CATP), aimed at enhancing its capabilities in advanced technology for federal government clients [1][4]. Group 1: Company Strategy - CATP will focus on collaborating with leading technology companies, developing technology internally, and potentially acquiring equity in companies with advanced technology that can be utilized by the Department of Defense [2]. - The establishment of CATP signifies a strategic shift for Castellum, allowing the company to have greater control over key products needed by its customers, thereby improving overall solutions for the warfighter [3][4]. Group 2: Financial Implications - The CEO of Castellum, Glen Ives, stated that the new subsidiary is expected to enhance revenue and operating margins by adding more value to the services provided to government clients [3].

Core Viewpoint - Castellum, Inc. has successfully closed a public offering of 4,166,667 Units at a price of $1.20 per Unit, raising approximately $5.0 million in gross proceeds for working capital and general corporate purposes [1][2][3]. Group 1: Offering Details - The public offering consisted of Units, each comprising one share of common stock and one warrant to purchase one share of common stock [1]. - The warrants are immediately exercisable at a price of $1.22 per share and will expire 60 days from the date of issuance [1]. - The shares of common stock and warrants are immediately separable and were issued separately [1]. Group 2: Financial Information - Gross proceeds from the offering are approximately $5.0 million before deducting placement agent fees and offering expenses [2]. - The net proceeds will be utilized for working capital and general corporate purposes [2]. Group 3: Regulatory Information - A shelf registration statement on Form S-3 relating to the securities was previously filed with the U.S. Securities and Exchange Commission (SEC) [3]. - The offering was conducted under a preliminary prospectus supplement and an accompanying prospectus that have been filed with the SEC [4].

Core Viewpoint - Castellum, Inc. has announced a public offering of 4,166,667 Units at a price of $1.20 per Unit, aiming to raise approximately $5.0 million for working capital and general corporate purposes [1][2][3]. Group 1: Offering Details - Each Unit consists of one share of common stock and one warrant to purchase one share of common stock, with warrants exercisable at $1.22 per share and expiring 60 days from issuance [1][2]. - The offering is expected to close on or about June 13, 2025, subject to customary closing conditions [2]. Group 2: Financial Information - Gross proceeds from the offering are anticipated to be around $5.0 million before deducting placement agent fees and estimated offering expenses [2]. - Maxim Group LLC is acting as the sole placement agent for the offering on a reasonable best-efforts basis [2]. Group 3: Regulatory Information - A shelf registration statement on Form S-3 relating to the securities was filed with the SEC and became effective on January 24, 2025 [3]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to be filed as well [3].

Core Viewpoint - Castellum, Inc. has successfully retired its promissory note with the Buckhout Charitable Remainder Trust 15 months ahead of schedule, marking a significant improvement in its financial position and balance sheet leverage [1][5]. Financial Performance - The retirement of the note signifies a milestone in reducing the financing burden from the acquisition of Corvus Consulting, LLC, with total long-term debt decreasing from over $12 million in December 2023 to less than $5 million [2]. Company Overview - Castellum, Inc. operates in the cybersecurity, electronic warfare, and software engineering services sectors, primarily focusing on the federal government [3].

Group 1 - Castellum, Inc. will participate in the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow" hosted by Maxim Group LLC from June 3rd to June 5th at 9:00 a.m. EDT [1][4] - The conference will focus on the rapid evolution of technology and its disruptive impact across various industries, including healthcare, drones, consumer IoT, business solutions, and gaming & entertainment [2] - Emerging growth companies will discuss their advancements in Quantum Computing and Artificial Intelligence (AI) to prepare for future opportunities [2] Group 2 - Glen Ives, the CEO of Castellum, Inc., has been invited to present at the conference, highlighting the company's focus on cybersecurity, electronic warfare, and software engineering services for the federal government [4] - Maxim Group LLC is a full-service investment banking and wealth management firm that provides a range of financial services, including investment banking and equity research [5]