Tempest Minerals signed a binding option agreement allowing Green Steel & Iron Pty Ltd to acquire the Remorse Magnetite Project in Western Australia's Yalgoo region. Tempest receives 50% of GISA's issued capital as consideration, providing shareholders exposure to a vertically integrated green iron & steel production facility. The Remorse deposit hosts 63.5 million metric tons at 30.6% iron in the inferred resource category, demonstrating suitability for pelletizing & direct reduction applications. GISA partners alongside Danieli to develop a multi-user direct reduced iron plant, targeting initial public offering & participation in Australia's emerging low-emission steel sector. The transaction includes conditions requiring mining lease approval, facility site security, pre-IPO capital raising, & mutual due diligence completion by December 31, 2026.