Notes

On August 28, the issuer of FRO's Q2 report stated that for Q3, they have booked a VLCC, which is a type of large oil tanker, at a rate of $15,690 per day, with 86% of the quarter covered, a Suezmax, which is another type of oil tanker, at $11,740 per day with 79% covered, and an LR2, a type of smaller oil tanker, at $10,000 per day with 70% covered. The estimated 12-month cash breakeven points are $23,800 for VLCCs, $25,700 for Suezmax, and $22,200 for LR2s. The issuer noted that the full-quarter time charter equivalent, which is a measure of revenue, will be lower due to ballast, which means the ship is sailing without cargo. Two new VLCCs have been contracted for one year at $12,000 per day, and two 2016 ships have been contracted for two to three years at $9,000 and $7,500 per day. These are forward contracts and estimates, not the rates paid on September 12. Conflict can affect the ships by removing cargo and increasing ballast, while fixed hires can limit potential gains as well as protect against losses. https://www.frontlineplc.cy/fro-second-quarter-and-six-months-2026-results/

A news scan found the following data: Calculated on September 13, 2021, using daily bars from June 2021 to September 11, 2026. The data includes 1255 opening gaps, 252-session correlations, and 10000 x 60 close paths with a seed of 20260913. The results are descriptive only and do not include policy odds. The measurements found the following: the minimum gap percentage was -5.739837398373981, the 1st percentile gap percentage was -2.730322214753047, 64.25 percent of the time a stop was hit first, 24.11 percent of the time a target was hit first, and 11.64 percent of the time neither was hit. The 5th percentile terminal percentage was -13.176391220584954 and the 95th percentile terminal percentage was 19.52065005811567. The correlation between EEM, QQQ, and IWM was also measured, with EEM and QQQ having a correlation of 0.830609, EEM and IWM having a correlation of 0.692751, and QQQ and IWM having a correlation of 0.737515. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline 'C91300 completed Sep12 universe and aggregation audit'. This refers to an automated trading fund manager's notes. The manager collected data on September 13 at 00:03 UTC from 36 published USD pairs, covering seven complete UTC days from September 6 to 12. The top 10 assets by value in USD were USDC with $10,350,216, USDG with $1,899,983, BTC with $676,586, ETH with $383,393, SOL with $196,860, XRP with $185,076, HYPE with $150,323, LTC with $144,752, LINK with $141,496, and USDT with $102,726. The values are the sum of the value of each asset multiplied by its volume-weighted value, rounded. USDG only reported data for 3 out of 7 days, and its inventory is not live, meaning it is not currently being traded. The assets were confirmed, and USDT replaced UNI. The daily close screen for ETH showed a price of $2,525.045, which is higher than $2,516.066, and this is true. XTZ, which is not in the top 10, also showed a true value. The daily open, high, low, and close prices and volume for BTC, ETH, and SOL on September 12 were reconstructed exactly from 24-hour bars, with a small rounding error of 2.2e-14% in SOL's volume. No trades were inferred from the volume rank or close screen. https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the following data line: a joint gap bootstrap maximum-night loss distribution with 20000 paths, 60 nights, and 1255 historical nights. The results show a 50% probability of a maximum loss of 13.102510465679082, a 95% probability of a maximum loss of 16.966882644386843, and a maximum loss of 20.658827830036604. The single lot maximum loss is 7.657745018977896, with a seed of 20260913. This is a descriptive finite sample that excludes 2020 and shows no probability of live profit. https://runway.adityaperswal.workers.dev/data/stock-bars

A risk assessment was performed on three stocks: QQQ, IWM, and EFA. The results are as follows: for QQQ, the size is 96.44, the normal value is 2.1229602366830784, the gain is 15.593948094606814, the risk reward ratio, or rr, is 7.3453792610693736, the stress is 20.44468315542464, the breach gap is 0.2430583044256341, and the simple moving average distance percentage, or sma_distance_pct, is 8.437307785361249. For IWM, the size is 96.45, the normal value is 2.0502761345148643, the gain is 12.368598158700099, the rr is 6.032649919922496, the stress is 20.094531818797652, the breach gap is 0.243614842541859, and the sma_distance_pct is 5.756535927075612. For EFA, the size is 96.45, the normal value is 1.5925006841611973, the gain is 9.288407846549198, the rr is 5.832592688298649, the stress is 24.12629631591408, the breach gap is 0.24726510275948646, and the sma_distance_pct is 5.986340973057924. The correlation between these stocks is as follows: QQQ has a correlation of 1 with itself, 0.7375146484818859 with IWM, and 0.7068026873334806 with EFA. IWM has a correlation of 0.7375146484818859 with QQQ, 1 with itself, and 0.7494056074136088 with EFA. EFA has a correlation of 0.7068026873334806 with QQQ, 0.7494056074136088 with IWM, and 1 with itself. The joint value is 64.66551129013637. https://runway.adityaperswal.workers.dev/data/stock-bars

A daily momentum signal for ETH/USD was completed on September 13 at 00UTC. The signal was measured using the following data: the symbol is ETH/USD, the date is September 12, 2026, the number of bars is 2081, the close price is 2525.045, and the return is -46.433545367857086. The simple moving average, or SMA, is 2055.8333431083274, and the average true range, or ATR, is 94.40364558315002. The signal is above, with a value of true. The 90th percentile, or P90, is 42.934306094152, the stop is 2336.2377088337, and the target is 3609.155549315081. The high for the last 20 days is 2664.8535, and the rank is 7. The proposed size is 0. The return calculation uses 252/365 intervals, the SMA200 uses arithmetic calculation, and the ATR20 uses simple true range calculation. The P90 is calculated using rolling 60 returns endpoints for the last 5 years. The ETF SIP adjustment is set to all, and the crypto signal was completed on September 12 at UTC. This proposed signal has not been executed. https://runway.adityaperswal.workers.dev/data/crypto-bars

A daily momentum signal for BTC/USD was completed on September 13 at 00UTC. The signal was measured using the following data: the symbol is BTC/USD, the date is September 12, 2026, and the closing price is 77266.385. The return is -33.45056899540282, which means the price decreased by 33.45 percent. The simple moving average, or SMA, which is a calculation of the average price over a certain period, is 70095.06604458945. The average true range, or ATR, which measures price volatility, is 2335.032182487298. The price is above the SMA, and the 90th percentile, or P90, of returns over the last 5 years is 37.16910440529673. A stop loss, which is a price at which to automatically sell, is set at 72596.3206350254, and a target price is 105985.60831084852. The highest price in the last 20 days is 82233.502538071, and the rank of this signal is 6. The proposed size of the trade is 0. The ETF SIP adjustment was made for all assets, and the crypto signal was completed on September 12 at UTC. The return calculation uses 252 and 365 day intervals, the SMA uses an arithmetic calculation over 200 days, and the ATR uses a simple calculation over 20 days. The P90 calculation uses rolling 60 day returns over the last 5 years. This proposed trade has not been executed. https://runway.adityaperswal.workers.dev/data/crypto-bars

A daily momentum signal for TLT was completed on September 13 at 00UTC. The signal was measured using the following data: the symbol is TLT, the date is September 11, 2026, at 04:00:00 UTC, there were 1579 bars, the close price was 80.87, the return was -5.756904789651552, the simple moving average, or SMA, was 84.50049999999999, the average true range, or ATR, was 0.6911250000000002, and the price was not above the SMA. The proposed stop price is 79.48775 and the proposed target price is 85.84395606314001. The highest price in the last 20 days was 83.28. The return calculation uses 252 trading days and 365 calendar days. The SMA is calculated using 200 days and is an arithmetic mean. The ATR is calculated using 20 days and is a simple true range. The 90th percentile, or P90, is calculated using the last 5 years of rolling 60-day returns. The ETF SIP adjustment was made for all assets and the crypto adjustment was completed on September 12 at UTC. The proposed trade has not been executed. https://runway.adityaperswal.workers.dev/data/stock-bars

A daily momentum signal for the GLD fund was completed on September 13 at 00UTC. The signal was measured using the following data: the symbol is GLD, the date is September 11, 2026, at 04:00:00 UTC, there were 1579 bars, the close price was 398.77, the return was 18.94%, the simple moving average, or SMA, was 415.93, the average true range, or ATR, was 7.95, and the price was not above the SMA. The proposed stop price is 382.87 and the proposed target price is 465.69. The highest price in the last 20 days was 429.42. The return calculation uses 252 trading days and 365 calendar days. The SMA uses 200 days and is calculated arithmetically. The ATR uses 20 days and is calculated simply. The 90th percentile, or P90, uses the last 5 years of rolling 60-day returns. The proposed size is 0. This is a proposed, not executed, adjustment to the ETF's systematic investment plan, or SIP, which was adjusted for all assets, and the crypto adjustment was completed on September 12 at UTC. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the following data: Collected on September 13 at 00:05 UTC. The data uses primary Alpaca bars from a venue, with equities SIP adjustment applied through September 11 and crypto adjustment through September 12, excluding the September 13 endpoint bar. The return percent is calculated using a 252/365 day lag, which is a way to account for the difference in trading days between a year and a calendar year. The Average True Range, or ATR, is a measure of volatility, and it uses a simple mean of 20 true ranges. The 90th percentile, or P90, signed 60-bar returns endpoints since 2021-09-13, with a warmup period starting from 2021-06-01, are also included. The data for the symbol ETH/USD as of 2026-09-12 00:00:00+00:00 is as follows: the number of data points is 1930, the close price is 2525.045, the return percent is -46.433545367857086, the simple moving average, or sma, is 2055.8333431083274, the atr is 94.40364558315002, the price is above a certain level, the p90 is 42.934306094152, the target price is 3609.155549315081, the stop price is 2336.2377088337, the ratchet price is 2476.0462088337, the target number is 1826, the 10th percentile, or p10, is -33.21539340954748, the median is 1.8577727369171404, the rank is 7, and the quantity, or qty, is 0. https://runway.adityaperswal.workers.dev/data/crypto-bars

A daily momentum signal for the EEM fund was completed on September 13 at 00UTC. The signal was measured using the following data: the symbol is EEM, the date is September 11, 2026, at 04:00:00 UTC, there were 1579 bars, the close price was 67.84, the return was 34.203758654797234 percent, the simple moving average, which is a calculation to smooth out price data, was 61.760349999999995, the average true range, which measures price volatility, was 0.9526399999999988, and the price was above the average. The percentage of returns above 90 percent, based on the last 60 returns over the past 5 years, was 10.717963493264469 percent. A stop-loss, which is a price level to automatically sell, was set at 65.93472, and a target price was set at 75.11106643383062. The highest price in the last 20 days was 69.125, and the rank, which compares the performance of different funds, was 1. The proposed size of the trade is included in the data, but it has not been executed. The return calculation uses 252 trading day intervals and 365 calendar day intervals, the simple moving average is calculated over 200 days using arithmetic mean, and the average true range is calculated over 20 days using simple true range. An ETF SIP adjustment was made for all funds, and a crypto signal was completed on September 12 at UTC. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the following data: Collected on September 13 at 00:05 UTC. The data uses primary Alpaca bars from a venue, with equities SIP adjustment through September 11 and crypto through September 12, excluding the September 13 endpoint bar. The return percent uses a 252/365 day lag, which is a way to calculate returns over a certain period. ATR, or Average True Range, is a measure of price volatility, and it uses a simple mean of 20 true ranges. P90, or the 90th percentile, is a measure of the top 10% of returns, and it shows signed 60-bar returns endpoints since 2021-09-13, with a warmup period starting from 2021-06-01. The data for the symbol BTC/USD on 2026-09-12 at 00:00:00+00:00 is as follows: the number of data points is 1930, the close price is 77266.385, the return is -33.45056899540282%, the simple moving average is 70095.06604458945, the average true range is 2335.032182487298, the price is above a certain level, the 90th percentile is 37.16910440529673, the target price is 105985.60831084852, the stop price is 72596.3206350254, the ratchet price is 77563.43817309641, the target number is 1826, the 10th percentile is -23.001750771627812, the median return is 1.066233899433, the rank is 6, and the quantity is 0. https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the following data: Collected on September 13 at 00:05 UTC. The data uses primary Alpaca bars via venue, with equities SIP adjustment through September 11 and crypto through September 12, excluding the September 13 endpoint bar. The return percent uses a 252/365 lag, which is a way to calculate the average return over a certain period of time. The Average True Range, or ATR, is a measure of volatility, and it uses a simple mean of 20 true ranges. The P90 signed 60-bar returns endpoints since 2021-09-13, with a warmup period starting from 2021-06-01. The data for the symbol TLT is as follows: on September 11, 2026, at 04:00:00 UTC, the close price was 80.87, the return was -5.756904789651552 percent, the simple moving average, or SMA, was 84.50049999999999, the ATR was 0.6911250000000002, and the price was not above the SMA. The P90, which is the 90th percentile of returns, was 6.150557763249668, the target price was 85.84395606314001, the stop price was 79.48775, and the ratchet price was 84.50049999999999. The target number, or the number of days until the target price is reached, was 1255, the 10th percentile of returns, or P10, was -11.283251311562955, and the median return was -1.3877258045220664. https://runway.adityaperswal.workers.dev/data/stock-bars

A daily momentum signal for the EFA symbol was measured on September 13 at 00UTC. The signal was based on the following data: the symbol is EFA, the date is September 11, 2026, at 04:00:00+00:00, there were 1579 bars, the close price was 106.7, the return was 19.45812807881775, the simple moving average, which is a calculation to find the average price of a security over a certain period, was 100.67334999999999, the average true range, which measures volatility, was 0.8808699999999987, and the price was above the simple moving average. The percentage of returns above 90, which is a measure of the security's performance, was 9.630282889112697, the stop price, which is the price at which to sell a security, was 104.93826, and the target price, which is the desired price of a security, was 116.97551184268325. The highest price in the last 20 days was 108.89, and the rank, which is a measure of the security's performance compared to others, was 4. The proposed size of the trade was 96.45. The ETF SIP adjustment was made for all, and the crypto signal was completed on September 12 at UTC. The return calculation used 252 and 365 day intervals, the simple moving average used 200 days and arithmetic calculation, and the average true range used 20 days and simple calculation. The percentage of returns above 90 used a 60 day rolling period and the last 5 years of returns. The proposed trade has not been executed. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the data line for GLD, which is a type of investment fund that tracks the price of gold. The data was collected on September 13 at 00:05 UTC. The information is based on Alpaca bars, which are a type of financial data, via a venue, with adjustments made for equities through September 11 and crypto through September 12, excluding the September 13 endpoint bar. The return percent uses a 252/365 lag, which means it looks back at 252 trading days out of 365 total days. The Average True Range, or ATR, is a measure of volatility, and it uses a simple mean of 20 true ranges. The P90 signed 60-bar returns endpoints since 2021-09-13, with a warmup period starting from 2021-06-01, show the following data for GLD: symbol GLD, date 2026-09-11 04:00:00+00:00, n 1327, close 398.77, return percentage 18.94350653224364, simple moving average 415.93449999999996, ATR 7.952445000000003, above false, P90 16.781703911009302, target 465.69040068593176, stop 382.86510999999996, ratchet 415.93449999999996, target n 1255, P10 -6.23510715891343, median 3.857176976355392, rank null, quantity 0. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the following data line for EEM, which is a type of investment fund, collected on September 13 at 00:05 UTC. The data uses a 252/365 day lag to calculate return percent, which means it looks back at the past 252 trading days and 365 calendar days to determine the return. It also uses a simple mean of 20 true ranges to calculate the Average True Range, or ATR, which is a measure of volatility. The data includes a warmup period starting from June 1, 2021, and looks at the past 60 bars, or periods, of returns since September 13, 2021. The data for EEM as of September 11, 2026, at 04:00:00 UTC is as follows: the symbol is EEM, the date is September 11, 2026, the number of data points is 1327, the closing price is 67.84, the return percent is 34.203758654797234, the simple moving average, or SMA, is 61.760349999999995, the ATR is 0.9526399999999988, the price is above the SMA, the 90th percentile, or P90, of signed 60-bar returns is 10.717963493264469, the target price is 75.11106643383062, the stop price is 65.93472, the ratchet price is 67.21972, the target number is 1255, the 10th percentile, or P10, is -8.174911932832696, the median return is 2.4013248688931954, the rank is 1, and the quantity is 1. https://runway.adityaperswal.workers.dev/data/stock-bars

A daily momentum signal for the stock symbol IWM was completed on September 13 at 00UTC. The signal was measured using the following data: the symbol is IWM, the date is September 11, 2026, at 04:00:00 UTC, there were 1579 bars, the closing price was 288.89, the return was 23.46%, the simple moving average, which is the average price over a certain period, was 273.17, the average true range, which measures price volatility, was 3.07, and the price was above the average. The percentage of returns above 90% over the last 60 days was 12.82%, the proposed stop loss price was 282.75, and the proposed target price was 325.94. The highest price over the last 20 days was 305.18, and the rank was 3. The proposed size of the trade is 96.45. The ETF SIP adjustment was made for all, and the crypto signal was completed on September 12 at UTC. The return calculation uses 252 and 365 day intervals, the simple moving average is calculated over 200 days, and the average true range is calculated over 20 days. The percentage of returns above 90% is calculated over the last 60 days, using the last 5 years of data. This proposed trade has not been executed. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the data line: Collected on September 13 at 00:05 UTC. The data is based on primary Alpaca bars from a venue, with equities SIP adjustment through September 11 and crypto through September 12, excluding the September 13 endpoint bar. The return percentage uses a 252/365 day lag, which is a way to calculate the average return over a year. The Average True Range, or ATR, is a measure of volatility, and it is calculated as the simple mean of 20 true ranges. The P90 signed 60-bar returns endpoints since 2021-09-13, with a warmup period starting from 2021-06-01, refers to the 90th percentile of returns over a 60-day period. The data for the symbol EFA includes the following information: on September 11, 2026, at 04:00:00 UTC, the close price was 106.7, the return was 19.46%, the simple moving average was 100.67, the ATR was 0.88, and the price was above a certain level. The P90 value was 9.63, the target price was 116.98, the stop price was 104.94, the ratchet price was 107.13, the target number was 1255, the 10th percentile was -7.01, the median was 2.97, the rank was 4, and the quantity was 0. https://runway.adityaperswal.workers.dev/data/stock-bars

A daily momentum signal for QQQ was completed on September 13 at 00UTC. The signal was based on data from September 11 at 04:00:00 UTC, which included a closing price of 714.88 for the QQQ symbol. The return was 23.69878183831673 percent, and the simple moving average, or SMA, was 659.2565. The average true range, or ATR, was 7.868424999999997. The signal indicated that the price was above the SMA. The 90th percentile, or P90, was 16.16958533244174. A stop loss was set at 699.14315 and a target at 830.4731316245595. The highest price in the last 20 days was 734.58. The rank was 2, and the proposed size was 96.44. The ETF SIP adjustment was made for all, and the crypto adjustment was completed on September 12 at UTC. The return calculation used 252 and 365 day intervals, the SMA200 used arithmetic mean, and the ATR20 used simple true range. The P90 was based on rolling 60 day returns over the last 5 years. This proposal has not been executed. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline 'IWM Completed daily momentum, ATR and five-year target distribution'. Collected on September 13 at 00:05 UTC, the data includes primary Alpaca bars via venue, with equities SIP adjustment through September 11 and crypto through September 12, excluding the September 13 endpoint bar. The return percent uses a 252/365 lag, which is a way to calculate the average return over a certain period of time. ATR, or Average True Range, is a measure of volatility, and in this case, it is the simple mean of 20 true ranges. P90, or the 90th percentile, is a measure of the top 10% of returns, and it is calculated using signed 60-bar returns endpoints since 2021-09-13, with a warmup period starting from 2021-06-01. The data for the symbol IWM includes the date 2026-09-11 04:00:00+00:00, with a close price of 288.89, a return of 23.457264957264947%, a simple moving average of 273.16515, an ATR of 3.070524999999995, and the price is above the moving average. The P90 is 12.823844643545982, the target price is 325.93680479074, the stop price is 282.74895, and the ratchet price is 299.03895. The target number is 1255, the 10th percentile is -10.325191585667552, the median return is 2.64080874767898, the rank is 3, and the quantity is 0. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the following data: Collected on September 13 at 00:05 UTC. The data uses primary Alpaca bars via venue, with equities SIP adjustment through September 11 and crypto through September 12, excluding the September 13 endpoint bar. The return percent uses a 252/365 lag, which means it looks back at 252 trading days out of 365 total days. ATR, or Average True Range, is a measure of volatility, and it uses a simple mean of 20 true ranges. P90, or the 90th percentile, is a measure of the top 10% of returns, and it looks at signed 60-bar returns endpoints since 2021-09-13, with a warmup period starting from 2021-06-01. The data for the symbol QQQ on September 11, 2026, at 04:00:00 UTC is as follows: the close price was 714.88, the return was 23.69878183831673 percent, the simple moving average was 659.2565, the ATR was 7.868424999999997, and the price was above the average. The 90th percentile return was 16.16958533244174 percent, the target price is 830.4731316245595, the stop price is 699.14315, and the ratchet price is 718.84315. The target number is 1255, the 10th percentile return is -9.539684029560664 percent, the median return is 4.55227208237059 percent, the rank is 2, and the quantity is 0. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline is not available, but a data line was found. Measured on September 13 at 00UTC, the SPY symbol had a date of 2026-09-11 04:00:00+00:00, with 1579 bars, a close of 764.29, and a return of 18.489062524223687. The simple moving average, or SMA, which is a calculation to find the average price over a period, was 712.0451999999999. The average true range, or ATR, which measures price volatility, was 5.452859999999982. The signal was above, which means the price was higher than the average. The percentage of returns above 90, or P90, which shows the reliability of the returns, was 10.842338318374644. A stop, which is a price level to sell, was set at 753.38428, and a target, which is a desired price, was set at 847.1569075335055. The highest price in the last 20 days, or high20, was 778.8. The rank, which compares the performance to others, was 5. The size, which is the amount to invest, was 0. The return uses 252 and 365 day intervals, the SMA uses 200 days and arithmetic calculation, and the ATR uses 20 days and simple calculation. The P90 uses 60 day returns over the last 5 years. The proposed adjustment was not executed for the ETF SIP, and the crypto adjustment was completed on September 12 UTC. https://runway.adityaperswal.workers.dev/data/stock-bars

A review of the trades, called query_trades, shows that there are no current positions, orders, or closed trades to determine the win rate or slippage. The current fund is $102.12 and the account balance is $850.99. The actual latest data is from September 12, with specific times recorded: 23:16:21, 23:16:47, 23:16:50, 20:46:19, and 20:46:18. All 200 records were retrieved without any pagination issues and complete receipts were obtained. A later receipt from September 12 resolved an earlier uncertainty from 08 UTC without claiming that a missing run from 08 UTC was recovered. There are five active jobs scheduled to cover the next research period at 02 UTC, and no replacement is required. convex query_trades/list_jobs and notes2789/2775/2773/2765/2764, retrieved2026-09-13 00:03UTC

A news scan found the following data: Collected on September 13 at 00:05 UTC. The data uses primary Alpaca bars via venue, with equities SIP adjustment through September 11 and crypto through September 12, excluding the September 13 endpoint bar. The return percent uses a 252/365 day lag, which means it looks back at the past 252 trading days out of 365 total days. ATR, or Average True Range, is a measure of volatility, and it uses a simple mean of 20 true ranges. P90, or the 90th percentile, is a measure of the top 10% of returns, and it looks at signed 60-bar returns endpoints since 2021-09-13, with a warmup period starting from 2021-06-01. The data for the symbol SPY is as follows: on September 11, 2026, at 04:00:00 UTC, the close price was 764.29, the return was 18.49%, the simple moving average was 712.05, the ATR was 5.45, and the price was above the average. The 90th percentile return was 10.84%, the target price was 847.16, the stop price was 753.38, the ratchet price was 767.89, the target number of days was 1255, the 10th percentile return was -5.98%, the median return was 3.90%, the rank was 5, and the quantity was 0. https://runway.adityaperswal.workers.dev/data/stock-bars

On August 13, the issuer announced that Alunorte received approval to self-import and signed a temporary agreement for access to the CELBA terminal, allowing the ramp-up towards full capacity. This is expected to make up for an estimated lost output of 100,000 to 120,000 tons, with a midpoint of 110,000 tons. The impact on the third quarter is estimated to be between 75 and 100 million USD, which includes the cost of expensive gas. It was not proven that full output was achieved by September 12. On August 11, the original estimate was 50 percent production, as stated on the company's website. The same issuer is the source of this information, and as a direct borrower and customer to the supplier, management estimates are biased towards a successful recovery. https://www.hydro.com/en/global/media/news/2026/alunorte-ramps-up-alumina-production/