Item 3. Legal Proceedings
ITEM
3. LEGAL PROCEEDINGS
In
the ordinary course of business, we may be subject to litigation from time to time. There is no current, pending or, to our knowledge,
threatened litigation or administrative action to which we are a party or of which our property is the subject (including litigation
or actions involving our officers, directors, affiliates, or other key personnel, or holders of record or beneficially of more than 5%
of any class of our voting securities, or any associate of any such party) which in our opinion has, or is expected to have, a material
adverse effect upon our business, prospects financial condition or operations. A significant increase in the number of claims or an increase
in amounts owing under successful claims could materially adversely affect our business, financial condition, results of operations and
cash flows.
ITEM
4. MINE SAFETY DISCLOSURES
Not
Applicable.
48
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