Letter from Frontieras’ CEO on the Impact of the Trump Presidency

November 9th, 2024

To: Frontieras North America Shareholders

Re: Impact of the Trump Presidency

Dear Shareholders,

On behalf of the management team, I find it appropriate to share my insights on the impact of the national election results yesterday, which amongst many outcomes, yielded a victory for Donald J. Trump to serve as the 47th President of the United States. We have been keenly aware of the strengths, weaknesses, opportunities, and threats presented by political shifts; both domestically and across the world. We incorporate political events and forecasting in our planning.

We find this election outcome “extremely bullish” for the company’s objectives.

As many of you know, I have been extremely outspoken against the ESG (Environmental & Social Governance) movement in corporate America and worldwide; seeing this as a form of top-down control over a company’s decision making, goals and ability to operate within a free market. This IS NOT how a free society should operate. As the economist Adam Smith described “The Invisible Hand” in economics cannot be constrained. Top-down control over every aspect of a business, even weaponizing finance to do so is un-American, and flies in the face of the rugged individualism that built our country.

This resulted in laborious painstaking amounts of efforts on our part to navigate the capital markets, where we were often “stiff-armed” at the mention of “coal” or even “fossil fuels.” Often, Managing Directors told us how frustrating it was they were not even allowed to entertain our technology because of these ESG mandates. This delayed our progress and impaired our ability to execute effectively.

This could be most aptly viewed as a Western concerted attempt to install a form of neo-feudalism that favored the very largest institutions and holders of capital reigns.

That period HAS ENDED.

We noticed a major shift over the last 6-9 months as the “Green Agenda” has begun to fail. As a brilliant, deceased friend of ours said “This will go down as the greatest misallocation of capital in history.” Hundreds of billions of dollars have been sunk into technologies and projects that could not pass basic engineering feasibility, with the seaming rationale being “good intentions.” It is time to course-correct.

Without the supply of abundant and affordable energy, there can be no sustenance to life, much less the ability to innovate and prosper. The new administration will embrace prudent thinking in this area. Period!

What Frontieras has been built upon on can be classified as “Fundamental Thinking.” We confront reality, using innovation to solve problems while creating opportunities that generate real tangible predictable profit.

While we have been emboldened by our convictions, we will enthusiastically embrace this new direction for the Country that should positively serve industry by allowing for free flow of capital, reduced government regulations and provide shelter from NGOs who are often covertly funded by enemies of our Country.

Expect some significant announcements from the company soon.

We look forward to maximizing the landscape that lies ahead, expanding energy access and efficiencies, while we redefine the entire concept of coal utilization to serve humanity.

Thank you for our vision, support and action as a shareholder.

With Life, Liberty and the Pursuit of Energy,

Matthew T. McKean

Chief Executive Officer