Item 3. Legal Proceedings
ITEM
3. LEGAL PROCEEDINGS
From time to time, the Company may become
involved in lawsuits and other legal proceedings that arise in the course of business. Litigation is subject to inherent
uncertainties, and it is not possible to predict the outcome of litigation with total confidence. Except as disclosed below, the
Company is currently not aware of any legal proceedings or potential claims against it whose outcome would be likely, individually
or in the aggregate, to have a material adverse effect on the Company’s business, financial condition, operating results,
or cash flows.
Lawsuit Brought by Current Employee
On July 15, 2020, an employee of the Company filed
a Complaint alleging unequal pay based on gender and other employment-based claims. The Company intends to defend the lawsuit, it is currently
in discovery and the ultimate outcome is not known.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
29
PART
II
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