Item 3. Legal Proceedings
ITEM
3. LEGAL PROCEEDINGS
From
time to time, the Company is involved in legal proceedings, claims, and litigation arising in the ordinary course of business, which
may impact its financial results.
As
of May 31, 2024, there were no pending legal proceedings. However, the outcome of any future legal matters, claims, or litigation could
potentially have a material adverse effect on the Company’s quarterly or annual operating results or cash flows when resolved in
subsequent periods. Nonetheless, based on current information, management believes these matters will not have a material adverse effect
on the Company’s consolidated financial position, results of operations, or cash flows.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
22
PART
II
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