IM Disclaimer

Prices and other information contained in this publication have been obtained by Industrial Minerals (“IM”) from various sources believed to be reliable. This information has not been independently verified by IM. Those prices and price indices which are evaluated or calculated by IM represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to IM. Such prices are collated through regular contact with producers, traders and purchasers although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. The prices are in no sense comparable to the quoted prices of commodities in which a formal futures market exists.

Efforts are made to ensure that pricing information is representative, but because of the possibility of human or mechanical error by our sources, IM, or others, IM does not guarantee the accuracy, currentness or completeness of any published information. Neither IM nor any of its providers of information make any warranties, express or implied, as to the results to be obtained from use of this publication, and make no express or implied warranties of fitness for a particular purpose or use. IM is not responsible for errors or omissions, or for the results obtained by the use of such information or for any decision made or action taken in reliance on such information or for any consequential, special or similar damages, and IM disclaims any liability to any person for any loss or damage caused by such errors or omissions, use or decision, including those arising from the negligence of IM, its employees, or representatives.

Evaluations or calculations of prices and price indices by IM are based upon certain market assumptions and evaluation methodologies, and may not conform to prices or information available from third parties. There may be errors or defects in such assumptions or methodologies that cause resultant evaluations to be inappropriate for use.

IM is not an investment advisor, a financial advisor or a securities broker. The information in this publication has been prepared solely for informational and educational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, commodity or instrument or to participate in any particular trading strategy. Such information is intended to be an aid to your own investment process and your investment actions should be solely based upon your own decisions and research.