On May 4, 2023, ETFS Capital Limited announced that it has issued a letter to the Company's stockholders and filed a definitive proxy statement for the election of its 3 highly qualified nominees on the gold proxy card with the Securities and Exchange Commission in connection with Company's 2023 Annual Meeting of Stockholders, which is scheduled for June 16, 2023. ETFS Capital stated that the nominees will bring accountability, ETF expertise, management oversight and fresh perspective to the Company board. In addition, this letter outlines the urgent need to refresh the entrenched Company board to stop the continued destruction of stockholder value.