Item 1A. Risk Factors
ITEM 1A. RISK FACTORS.
You should carefully review and consider the information regarding certain factors that could materially affect our business, consolidated financial condition or results of operations set forth under Item 1A. Risk Factors in our 2022 Annual Report on Form 10-K filed on March 27, 2023 as updated and/or supplemented in subsequent filings made with the SEC. There have been no material changes from or additions to the risk factors disclosed in our 2022 Annual Report on Form 10-K filed on March 27, 2023, as updated and/or supplemented in subsequent filings made with the SEC other than the revised risk factors set forth below. We may disclose changes to risk factors or additional factors from time to time in our future filings with the SEC.
There can be no assurance that the Environmental Impact Assessment Post Collector Test will be successful.
In October 2023 we entered into a Services Agreement with a third party to conduct an assessment of the benthic impact of the 2022 Collector Test at a period of approximately 12 months post the Collector Test activities (the “Post-Collector Environmental Assessment”). The information and data obtained from the Post-Collector Environmental Assessment will be used in our NORI Area D exploitation application. There can be no assurances that the Post-Collector Environmental Assessment will be successful or that such information and data obtained will be adequate for the NORI Area D exploitation application.
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